Richardson Arboretum Estates sold to CAF

RICHARDSON – Arboretum Estates, a 338-unit multifamily community located at 411 Buckingham Rd., has been sold by the Connor Group.

Built in 1998, the complex ranges from studio lofts to three-bedroom units. Units can vary in space from 665 sf to 1,339 sf and in price from $795 to $1,255.

“The property is located in close proximity to the telecom corridor, which hosts the second highest concentration of corporate employers in the Dallas area. This has led to a high amount of renter demand and Arboretum Estates consistently maintains occupancy levels of 95 percent,” said Jeff Price, managing director at Jones Lang LaSalle.

CAF Capital Partners purchased the asset. In September 2013, CAF Capital Partners also purchased Cross Creek at Grapevine Ranch in Grapevine.

Read more at Globe St. and the Dallas Business Journal.