Equus Capital Partners has acquired McKinney Village, a 245-unit class A village-style multifamily community located in McKinney, Texas, a city north of Dallas. The acquisition was made on behalf of Equus Investment Partnership XI, a fully discretionary $387.8 million equity fund managed by Equus. Madison Apartment Group, the multifamily operating arm of Equus, will manage the community.
“Re-establishing a multi-family presence in Texas alongside our successful office investments has been a long-stated goal of the firm,” commented Andrew Peabody, acquisitions manager of Equus. “The opportunity to acquire new construction in the burgeoning McKinney submarket was very compelling. The job and population expansion occurring throughout the Dallas-Fort Worth metroplex is remarkable and the property’s proximity to plural employment centers makes it a likely beneficiary of this rapid growth.”
McKinney Village is situated on a 9.8-acre site at the intersection of High
