Investcorp sold Sonterra at Buckingham Apartments, a 312-unit luxury apartment community located in Richardson, Texas.

The value of the transaction was not disclosed.

Construction of the class A, garden-style property was completed in 1996, and the complex consists of 13 two- and three-story residential buildings and one clubhouse building. The property has seven different floor plans with 168 one-bedroom units, 120 two-bedroom units and 24 three-bedroom units. The apartment complex encompasses a total of 13.6 acres. Investcorp originally acquired the

property in August 1999.

An affiliate of Greystar Real Estate Partners purchased the property.

At the time of sale, Sonterra was 96 percent leased.

Investcorp’s New York-based team of real estate professionals focuses on high-quality commercial, hotel and residential properties.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription