CAF Capital Partners purchased the 338-unit Arboretum Estates on Buckingham Road in Richardson. The apartment project is close to the Telecom Corridor.
“This has led to a high amount of renter demand and Arboretum Estates consistently maintains occupancy levels of 95 percent,” said Jones Lang LaSalle’s Jeff Price, who brokered the sale along with Bill Simmons.
The Connor Group sold the property. Terms of the deal were not disclosed.
CAF Capital owns several North Texas apartment properties.