Tanglewood Property Group Acquires 424-Unit Luxury Asset in Frisco

Tanglewood Property Group purchases the 424-unit Capitol at Stonebriar in Frisco, TX, from The Bascom Group, backed by a $61M New York Life loan.

By: AXL Media

Published: Mar 13, 2026, 7:31 AM EDT

Source: https://www.multihousingnews.com/

Institutional Trade in the Stonebriar Corridor

The Bascom Group has completed the sale of Capitol at Stonebriar to Tanglewood Property Group. The property, originally developed by JPI in 2017 as Jefferson Stonebriar, was held by Bascom since 2018. The 2026 transaction was financed via a $61 million acquisition note originated by New York Life Insurance Co. This sale highlights the continued liquidity for "core-plus" assets in the northern DFW suburbs, where institutional appetite remains strong despite the broader supply wave affecting the region.

Asset Profile: Class A Living and Urban Integration

Located on a 9-acre lot at 9600 Gaylord Parkway, Capitol at Stonebriar is a four-story mid-rise designed to offer a blend of traditional apartments and townhome-style living.

Residential Mix: The community features 424 units with one- to three-bedroom layouts. A standout feature is the townhome collection, which offers residents private garages—a highly sought-after amenity in the Frisco market.

Luxury Finishes: Apartments are equipped with 10-foot ceilings, hardwood-style flooring, walk-in closets, and private balconies.