FRISCO, TEXAS — The CONAM Group has acquired The Maxwell, a 325-unit community in Frisco. The seller and sales price were not disclosed, but StreetLights Residential in partnership with Tricon Capital Group developed the asset in 2018.
The Maxwell was acquired through the buyer’s CONAM Strategic Investments Fund IV. CONAM is based in San Diego and acquires, develops, invests in and property-manages multifamily.
The Maxwell is located within a master-planned community called the Canals at Grand Park. Units are offered as studios up to three-bedrooms with monthly rental fees ranging from $1,410 to $3,050, according to Apartments.com.
Units feature Sonos speaker packages, luxury kitchens and bathrooms, exterior balconies, walk-in closets and built-in desk areas. Amenities include a clubhouse with a coffee bar and conference rooms and a courtyard with grilling stations, fire pits and outdoor TVs.