Apartment

The Villas at Legacy

Plano, TX

Acquired June 2018

At a Glance

Villas at Legacy is a 328 unit, garden style apartment community located in Plano, TX, an affluent suburb of Dallas.

Investment Rationale

  • The property is located in Dallas’ prestigious Platinum Corridor, which is a main driver of the Dallas-Fort Worth metroplex creating jobs at a rate that is almost double the national average.

  • It is situated within the Legacy Business Park, a 2,665-acre master-planned business, retail and residential community which employs nearly 100,000 people.

  • Plano residents further benefit from an excellent school system, with the A+-rated Plano Independent School District ranked fifth in Texas and 81st in the U.S. by Niche.com.

  • The property includes a number of amenities including a swimming pool, a clubhouse, fitness center, newly renovated apartment finishes, and access to surrounding public parks.

  • The acquisition fits well within our apartment strategy given its desirable location with an affluent tenant base, top schools and high barriers to entry.

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Location

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