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Frisco investor snaps up 459-unit Plano apartments

PLANO – CAF Capital Partners teamed up with Generic Management to acquire the Broadstone Evoke apartments at 1025 Preston Rd.

Built in 2016, the five-story rental community has 459 apartments and was developed by Alliance Residential.

Amenities include a fitness center, lounge, catering kitchen, and a dog park.

The purchase was part of a tax-free exchange and was financed with a $63.3 million Freddie Mac loan. 

Phillips Realty Capital arranged the transaction.

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​Source: Dallas Morning News

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