CRE Tech Firm Makes First Texas Multifamily Purchase

Keyway closed on its first multifamily acquisition, the 157-unit Lakeside on Spring Valley in Richardson. Keyway is a tech firm that is making its first go at investing in commercial estate. Keyway claims to simplify CRE transactions by reducing costs and transaction time. Keyway’s Matias Recchia added, “We want to be the best partner for owners and brokers who are serious about getting deals done smoothly and efficiently, and we expect this to be the first of many transactions for Keyway in the market.”

The complex has 15 buildings with one- and two-bedroom residences, with an average unit size of about 800 square feet. It also has two swimming pools and frontage on a private lake. Its location at 1000 W Spring Valley Road offers easy access to both Interstate 635 and Highway 75 and a quick commute to some of DFW’s major employment centers in Downtown Dallas, Plano, Allen, and McKinney.

The rental community will be rebranded after a $3 million renovation.