MIG Real Estate Closes on Ninth Multifamily Asset in Texas

By Liviu Oltean, Associate Editor

Regency at Stonebridge Ranch

Newport Beach, Calif.-based MIG Real Estate recently closed on its ninth multifamily investment in Texas. The firm acquired Regency at Stonebridge Ranch, a 301-unit townhome apartment community in McKinney.

Located at 2305 S. Custer Road, the community is located within the master-planned community of Stonebridge Ranch and is in proximity to large employment centers such as the Legacy Business Park and City Line.

Regency at Stonebridge Ranch consists of 42 two-story townhome apartment buildings, which feature one-, two-, three- and four-bedroom floor plans. Amenities include nine-foot ceilings, oversize closets, crown molding and a covered patio or terrace. In addition, residents have at their disposal a resort-style pool, an outdoor kitchen, a freestanding clubhouse with a fitness and business center, and a pet park.

“MIG Real Estate recognized Regency at Stonebridge Ranch as an exciting opportunity to invest in a market with strong population and job growth,” said Greg Merage, MIG’s CEO. “Regency at Stonebridge Ranch offers a unique package of luxury amenities and value-add potential through interior upgrades in an area where multifamily housing is in high demand.”

Image via official website