Canterbury Courts is a 240-unit, 1993-built community in Richardson, Texas—an established, high-demand suburb within the North Dallas tech and employment corridor. Acquired in 2003 and renovated in 2015, the property benefits from upgraded interiors, mature landscaping, and consistently strong renter demographics. Grand Peaks employs a stabilized hold strategy, leveraging operational efficiency and resilient market fundamentals to generate steady cash flow and long-term value creation.

Simple illustration of a location pin marker near three geometric shapes: a green triangle, a blue parallelogram, and a larger white filled circle with a dark border.

RICHARDSON, TX

Two apartment buildings with smoke or steam rising from the roof of one building, depicted in a simple, stylized line art style.

1993 VINTAGE/
2015 RENOVATION

Blueprint or architectural plan with a ruler and triangle

240 UNITS

Modern interior of a community lounge with large floor-to-ceiling windows, colorful seating including green chairs and a blue sofa, and contemporary decor.

Modern hotel lobby with high vaulted ceilings, white walls, and hardwood floors, featuring a blue tufted sofa, green armchairs, black lounge chairs, a round wooden coffee table with decorative vases, a patterned rug, and fresh flower arrangements nea

Front view of a residential building with brick and siding exterior, surrounded by trees and landscaped bushes, with a concrete walkway and ramp leading to the entrance.

Modern kitchen and dining area with wooden flooring, dark wood cabinets, a white table with chairs, a large window with a built-in window seat, and decorative shelving on the wall.

Indoor dining area with a wooden table and black chairs, decorated with small vases containing yellow flowers and green plants, overlooking a pool outside through large windows, with a modern chandelier hanging from the ceiling and an exit door on th

A gym with various exercise equipment, free weights, and balance balls, with large windows providing natural light.

An empty pet grooming station with stainless steel sinks, grooming table, and cleaning supplies in a tiled room.

Outdoor swimming pool area with lounge chairs, umbrellas, and trees in a residential apartment complex

Hotel reception desk with two computer stations, chairs, a printer, and decorative vases in the background, with a sitting area visible through a glass window.

Interior of a modern lobby or café with wooden flooring, white walls, and large windows. There are green transparent chairs around white tables, a bar area with stools, and a reception desk with computer monitors.

Kitchen with white cabinets, stainless steel refrigerator, microwave, and stove, black countertop island, beige tiled backsplash, and a window with blinds. Decor includes a pink lamp and various small plants and items.

Living room with a navy sofa, patterned cushions, a white round coffee table, a colorful rug, a wooden sideboard, a window with curtains, a wall-mounted TV, a white fireplace with pink flowers, and a blue and white armchair.

A cozy bedroom with a wooden bed frame, patterned bedding, and pillows. There are two matching bedside lamps and a large abstract art piece on the wall. The room has beige walls and carpeted floor. Part of a bathroom with white cabinetry and a window

A bathroom with a single sink vanity with white cabinets, a dark granite countertop, a mirror, and four light bulbs above. The vanity is decorated with blue towels, a soap dispenser, and a small bowl, with a patterned rug on the wooden floor. The mir

Balcony with two white plastic chairs overlooking a grassy courtyard with trees and neighboring buildings, in sunny weather.