A fund sponsored by CBRE Global Investors has acquired Kinstead, a 376-unit garden-style multifamily project in Dallas. The financial terms were not disclosed. Zom Living was the seller.
The property, located within the rapidly expanding Highway 121 Corridor, comprises six three-story buildings, offering both surface parking and attached private garages, and is within a top-rated school district and close to multiple corporate office relocations, spurring some of the strongest high-wage job growth in the United States.
“This sale confirms the strength of the multifamily sector and the Dallas market, which currently leads the United States in institutional real estate investment volume,” said Greg West, CEO of ZOM Living.
“Our Kinstead project is convenient to numerous retail and entertainment venues, excellent schools, and the highest concentration of suburban corporate employers in the state of Texas. Kinstead brings a new level of quality, unit features
