CBRE Global Investors, CBRE’s real assets investment management subsidiary, has sponsored a fund to acquire the Kinstead McKinney Apartments. The sale was completed Sept. 17, according to a news release from developer Zom Living.

“Our Kinstead project is convenient to numerous retail and entertainment venues, excellent schools, and the highest concentration of suburban corporate employers in the state of Texas. Kinstead brings a new level of quality, unit features and amenities to this highly desirable McKinney market in north Dallas,” said Jason Haun, ZOM’s development executive in Texas, in the news release.

Kinstead comprises six three-story buildings along SH 121 with 376 units, per the news release.

“Kinstead ... with its high-quality, low-density design featuring generous common area space, is expected to remain in high demand in the post-COVID-19 world where residents may need to work from home more frequently,” said Ben Green, the senior director of multifamily acquisitions for CBRE Global Investors, in the news release.

The property is located at 5701 McKinney Place Drive, McKinney. 972-761-5180.