After the acquisition, the tech firm plans to make a $3 million renovation of Spring Valley on the shores of Lake Richardson.

Keyway announced its first acquisition in the Dallas-Fort Worth area, acquiring the 157-unit Lakefront Spring Valley community in Richardson, according to a press release.

Located at 1000 W Spring Valley Road, the complex has 15 one- and two-bedroom units with an average square footage of about 800 square feet. It also features two resort-style pools and frontage on a private lake.

The Lakeside community will be rebranded after a $3 million renovation over the next three years. Zach Present, Keyway’s head of multifamily acquisitions, said the renovations will focus on interior improvements and amenities, including updated appliances and improved energy and water efficiency.

“We want to be the best partner for owners and brokers who are serious about making transactions smooth and efficient, and we hope this will be the first of many Keyway transactions in the market,” said Mathias Recchia, founder of Keyway. said founder Mathias Recchia. statement.

According to the company’s website, Keyway is a New York City-based technology startup that buys and leases commercial and multifamily properties.

“Keyway’s platform was created to provide creative and efficient real estate solutions for investors and small operators,” said founder Sebastian Wilner. “We see great product-market fit and are excited to continue to transform real estate with technology.”


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