A New York investor has teamed up with a Frisco-based firm to purchase a major Las Colinas rental community.

The 444-unit Station at MacArthur apartments are on Hidden Ridge Drive near Verizon’s regional office campus.

Built in 1993, the rental community was purchased by affiliates of New York-based Cantor Fitzgerald Investors and CAF Management of Frisco.

“The property is ideally located in Las Colinas, a submarket that boasts strong demographics, high occupancy and a growing job market,” Chris Milner, head of Cantor Fitzgerald Investment Management, said in a statement. “Corporate relocations continue to drive demand in the area, making this an attractive addition to our growing real estate platform.”

Read the fulls story at Dallas Morning News.

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