McKinney sale: 301-unit Regency at Stonebridge Ranch

McKINNEY – A Newport Beach, Calif.-based real estate investment company, MIG Real Estate, has completed the acquisition of Regency at Stonebridge Ranch, a 301-unit townhome community.

Located at 2305 S. Custer Rd., the property consists of 42 two-story townhome apartment buildings consisting of one-, two-, three-, and four-bedroom floorplans with direct access garages for all units.

Employment centers in the surrounding area, such as Legacy Business Park and CityLine, are experiencing remarkable growth with the relocations of Toyota, State Farm and Raytheon, totaling approximately 13,700 new jobs.