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Texas  + Dallas-Fort Worth  + Apartments  |  January 4, 2024
Cortland Buys High-End McKinney Tower
Mike Boyd
By: Mike Boyd

Cortland Buys High-End McKinney Apartment Tower

Cortland Partners LLC acquired the 26-story apartment tower at 1900 McKinney Ave.

The Dallas Business Journal reports that while the full purchase price was not disclosed, Cortland took out a $57.4 million loan from New York-based KCore Lending I LP.

Cortland has taken over management and rebranded the property from 1900 McKinney to Cortland on McKinney. Unit interior renovations are ongoing and will continue under the new management. Rents range from $2,500 to $5,600.

The seller was an affiliate of MetLife Real Estate Investors, which acquired the high-rise in 2013.

Built in 2008 by Houston-based Hanover Co., the tower includes 230 units, a rooftop pool, fitness center and seven-level parking garage.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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