SAN DIEGO, Calif.–(BUSINESS WIRE)–CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group (CONAM), is pleased to announce the purchase of The Maxwell, a 325-unit Class A multi-family community in Frisco, Texas. This property adds to CONAM’s portfolio within The Dallas-Fort Worth market and is the latest acquisition in Fund IV.
Completed in 2018, The Maxwell features three and four story buildings with a central podium deck parking structure providing convenient and secure access for the residents. The high-end unit interiors boast exceptional quality with features such as Sonos speaker packages, 10’ to 14’ ceilings, luxury kitchens and bathrooms with significant storage, exterior balconies, large walk-in closets, and built-in desk areas. The community amenities include a clubhouse with coffee bar and conference rooms, and a courtyard with grilling stations, fire pits, and outdoor TVs.
“CONAM has been focused on expanding its presence in the Dallas-Fort Worth region seeking high quality assets at an attractive cost basis. We are pleased with the addition of The Maxwell to our portfolio as it complements our fund investment strategy and holdings throughout Texas,” says Jack Cleary, CONAM’s Eastern US Acquisitions Director. “The Maxwell is a best-in-class asset and will continue to flourish in the dynamic Frisco market with its nation-leading population growth and corporate headquarter relocations.”
The Maxwell is located within a luxury master-planned community called the Canals at Grand Park, which includes single family homes with values ranging from $600,000 to $2,000,000 and the A+ rated Frisco Independent School District. The community’s central location in Frisco places it less than 10 minutes from over 10.3 million square feet of class A office space. Nearby mixed-use developments include the Star, Frisco Square, and Fields West, home to the PGA’s new headquarters. Directly across the street, the City of Frisco is constructing Grand Park, which at full build-out will encompass a 260-acre park with a 7,500-person event lawn, food trucks, substantial sports facilities, and a nature preserve with over 114 acres of trails and botanic gardens.
CONAM continues to evaluate opportunities that align with our investment strategy in Fund IV. We are active buyers within the market and are excited to continue to grow the portfolio nationally.
Contacts
Sydney Westfall
conam@phase3mc.com
