The Calloway
A 312-unit stabilised community in Las Colinas, offered by the developer that built it.
- Transaction
- For Sale
- Size
- 284,000 SF
- Price
- $71,500,000
- Availability
- Immediate
- Status
- Available
The Calloway reached stabilisation in early 2026 at 94% occupancy. We are offering it as an income-producing asset, not a value-add story. The renovation premium has already been taken because the building is new.
Income-producing multifamily is a commercial asset class and is underwritten here as one. This is not residential brokerage, and REDPartners does not sell homes.
At a glance
5200 Riverside Drive
Irving, TX 75039
- 312 units, 284,000 net rentable SF
- 94% occupied and stabilised as of Q1 2026
- Structured parking at 1.6 spaces per unit
- Built 2025 to REDPartners' specification
- Walkable to the Las Colinas Urban Center
Specifications
- Unit mix
- 312 units (118 one-bedroom, 164 two-bedroom, 30 three-bedroom) averaging 910 net rentable SF.
- Occupancy
- 94% physical occupancy at stabilisation, Q1 2026.
- Parking
- Structured deck at 1.6 spaces per unit, with controlled resident access.
- Construction
- Delivered 2025; wrap construction over a five-level parking structure.
Asset class
How we underwrite and build multifamily & build-to-rent.
Individuals, family offices & institutions
Invest With Us
The Calloway is offered as a direct sale of the asset itself, not as a passive interest in a REDPartners vehicle. Tell us how you invest and a principal will follow up with the diligence file.
Information is provided for general reference and is believed accurate but is not guaranteed. Dimensions, specifications, availability, pricing, and delivery dates are subject to change, prior transaction, or withdrawal without notice, and should be independently verified. Nothing here is an offer, and no terms bind REDPartners until a definitive written agreement is signed by both parties. REDPartners offers its own property as a principal and is not a licensed real estate broker.
Equal Housing Opportunity|REDPartners supports the federal Fair Housing Act and the Texas Fair Housing Act. Residential communities we develop are operated without regard to race, color, religion, sex, disability, familial status, or national origin.