Texas + Senior Housing | December 17, 2020

Draper and Kramer Adds Active Seniors Asset in McKinney

Chicago-based Draper and Kramer has added to its national portfolio of multifamily properties with the purchase of Adriatica Senior Living, a 121-unit rental community for active seniors in McKinney. Terms of the transaction weren’t disclosed.

Located at 375 Adriatica Pkwy., the community is part of Adriatica Village, a mixed-use development modeled after a Croatian fishing village. Draper and Kramer also owns and manages a neighboring multifamily property within Adriatica Village, St. Paul’s Square, which it acquired in 2019.

“With our current presence not only in the Dallas market but also in Adriatica Village itself, this acquisition was a natural addition to our portfolio and aligns with our strategic focus on high-quality assets in growth markets,” said Blas Puzon, CIO at Draper and Kramer.

Adriatica Senior Living is Draper and Kramer’s fifth acquisition in Texas. It also owns Crest at Las Colinas Station in Irving and two San Antonio properties.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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