Lone Star Exits Dallas Multifamily Asset to MG Properties
Event summary
- Lone Star sold Reserve at Spring Creek, a 458-unit multifamily property in Richardson, Texas, to MG Properties.
- The asset was acquired as part of Lone Star’s value-add strategy in the Dallas-Fort Worth metroplex.
- Reserve at Spring Creek is located in the Telecom Corridor submarket, near employment centers and transportation infrastructure.
- Lone Star implemented upgrades to amenities and tenant offerings during its ownership.
- The sale was completed on May 21, 2026.
The big picture
Lone Star’s sale of Reserve at Spring Creek underscores its focus on value-add real estate investments in high-growth markets. The Dallas-Fort Worth metroplex remains a key target for institutional investors, particularly in submarkets with strong employment drivers. With $96 billion in aggregate capital commitments across its funds, Lone Star continues to navigate complex real estate opportunities globally.
What we're watching
- Portfolio Rotation
- How Lone Star’s exit from Reserve at Spring Creek signals broader shifts in its multifamily investment strategy.
- Market Timing
- Whether MG Properties’ acquisition reflects confidence in the Dallas-Fort Worth residential market’s long-term stability.
- Value-Add Execution
- The pace at which Lone Star can replicate similar upgrades and exits in its remaining portfolio.
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