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Archway Equities has acquired Coronado Apartment Homes, a 264-unit community in Dallas, from Volunteers of America, according to Yardi Matrix information. The buyer also took out a $23.2 million Freddie Mac loan from Jones Lang LaSalle. This purchase was Archway’s first investment in the Texas market after a two-year absence. JLL represented the seller and secured the acquisition financing.

Completed in 1984, Coronado Apartment Homes comprises 11 three-story residential buildings. The unit mix includes 96 one-bedroom and 168 two-bedroom floorplans that range from 465 to 931 square feet. Shared amenities at the 6.8-acre property include a swimming pool, fitness center, clubhouse and grade-level parking with some 510 spots.