OUR STORY
We believe multifamily living has evolved from its original roots of community-centric infill design to large, anonymous master plan developments over the last 30 years. We intend to create a renaissance by developing small, boutique properties in communities where the primary amenity is where and how our residents choose to live.
Grand Opening Event
Beacon Rail District
Downtown Frisco’s First and Only Boutique Apartment Community
Experience a new standard of high-end luxury apartment living in the heart of downtown Frisco’s vibrant Rail District. Join City Council members and community leaders for our grand opening celebration from 10:00 a.m. to 11:30 a.m., featuring a ribbon-cutting ceremony, followed by exclusive property tours, refreshments, networking opportunities, and a guided art tour led by docents from the Visual Arts Guild of Frisco.
In the afternoon, the community is invited to our Sip and See event from 3:00–5:00 p.m., where attendees may enjoy some light bites and wine tastings from local Rail District businesses, including Didi’s Downtown and Eight 11 Place.
AUGUST
15
2025
10 AM -5 PM
7291 Elm Street
Frisco, TX 75034
WHY CHOOSE BEACON?
Experience boutique living in the heart of Frisco's Rail District
Boutique Living
Just 18 thoughtfully designed apartment homes where community is the primary amenity. Experience authentic neighbor relationships in our intimate setting.
Rail District Life
Located at 7291 Elm Street, immerse yourself in Frisco’s walkable downtown with dining, entertainment, and cultural experiences at your doorstep.
Modern Luxury
Starting at $1,950 for one-bedroom homes featuring stainless steel appliances, tile backsplashes, and contemporary finishes throughout.
Creative Community
Ground-floor commercial space and partnerships with local artists create a vibrant, culturally rich living environment.
Pet Paradise
Both cats and dogs are welcome! Your furry family members will love the Rail District lifestyle too.
Move-In Ready
Pre-lease within 24 hours of your tour and receive up to four weeks free. Mid-September move-ins are available now!
Latest Updates
CAP's Private Development Adds to the Exciting Rail District in Frisco, Texas
Nestled in the heart of Frisco, the Rail District is a thriving and eclectic neighborhood that blends historic charm with modern vibrancy. As one of the city’s most dynamic areas, it offers a unique mix of attractions, dining, shopping, and community events that capture the essence of Frisco's spirit.
CAP Real Estate Under Construction with Six (6) New Boutique Projects
CAP Real Estate is thrilled to announce the commencement of six new construction projects across Dallas and Frisco, underscoring our commitment to enhancing urban living through boutique development. Ranging from 12 to 40 apartment homes each, these projects represent our strategic focus on urban infill development and our dedication to creating vibrant, community-centric living spaces.
Pioneering Approach to Boutique Multifamily Development
In the realm of real estate development, one company is paving the way with its innovative approach to boutique multifamily projects in Texas. CAP Real Estate, also known as CAP Multifamily, is revolutionizing the industry in Dallas and Frisco by focusing on the development of small multifamily and mixed-use properties.
Frisco Communities
Beacon Rail District
(Frisco, TX)
Now Leasing
The Beacon showcases tasteful design highlighted by the multi-colored brick veneer and the corner tower rising above the corner of Elm Street and South County Road in Frisco, Texas. The property will offer 18 luxury apartment homes and boast boutique amenities including a fitness center, coworking space, and a community lounge.
Gallery Rail District
(Frisco, TX)
Coming Soon
The Gallery is the first of two phases in a project that we expect to transform Ash Street. The Gallery will incorporate an art gallery to engage the community and provide opportunities for local creatives to showcase their work in an elegant artist-centric product.
The View
(Frisco, TX)
Coming Soon
The second phase of the Ash Street transformation is The View. The unbeatable views of the sunset from this project’s perch on Ash Street make the name an obvious choice. This visually stunning location is a well-kept secret that we intend to share with the Frisco community.
Dallas Communities
5313 Reiger
(Dallas, TX)
Now Leasing
5313 Reiger is in the heart of East Dallas and brings the neighborhood feel to apartment living. With a boutique 12-home community, the property benefits from private garage spaces, premium home finishes, and every unit has its own balcony, rooftop patio, or private yard.
Correo Place
(Dallas, TX)
Now Leasing
The 39 apartment home community on Mail Ave in Dallas brings apartment living into a residential neighborhood. Residents will have premium home finishes, private balconies or yards, and access to boutique amenities including a fitness center, community lounge, and private co-working space for the residents who work from home.
East 9th
(Dallas, TX)
Now Leasing
East 9th is a 32 apartment home community in the Bishop Arts district of Dallas. With easy access to the retail and nightlife in the Bishop Arts district, this community also allows for a quiet neighborhood feel with all the accessibility a resident could desire.
Gateway Park
(Dallas, TX)
Now Leasing
Our first project in south Dallas, Ewing/Morrell will be a boutique community comprised of 36 apartment homes and four (4) townhome style homes. The property provides a private lounge for our residents with sweeping views of the south Dallas landscape.
Arroyo Oaks
(Dallas, TX)
Coming Soon
Arroyo Avenue Apartments is an urban infill project in the heart of the Medical District and adjacent to the Oak Lawn neighborhood of Dallas. The project will have 17 luxury apartment homes and provide a boutique fitness center and plenty of resident storage.