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**AEW Capital Management Acquires 300-Unit Property in Frisco**
After securing a $51.3 million construction loan, Hillwood has completed and sold a 300-unit multifamily rental community in Frisco, Texas. The buyer was AEW Capital Management, with Comerica Bank originating the financing.
Designed by JHP Architecture, the five-story building—known as The Casey—features a mix of studio, one-bedroom, and two-bedroom units, averaging 902 square feet in size. Residents enjoy on-site amenities including coworking spaces, a fitness center, conference rooms, and a swimming pool.
The Casey is located at 4250 Gridiron Road, approximately 25 miles north of downtown Dallas. It sits just a few miles from a 1 million-square-foot retail center, offering convenient access to shopping and dining.
This development is part of Frisco Station, a 242-acre, $1.8 billion mixed-use project spearheaded by Hillwood, VanTrust, and The Rudman Partnership. Upon full buildout, Frisco Station will include 2,400 multifamily units, 3 million square feet of office space, as well as medical facilities and additional retail offerings.
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