Plano Apartments Flip for $50.3M

TruAmerica Multifamily and Spoke Real Estate teamed up to acquire Sheridan Park at Spring Creek Apartments, a 300-unit multifamily property located in Plano. The duo paid $50.3 million for the property. Located at 2001 E. Spring Creek Pkwy, Sheridan Park at Spring Creek Apartments consists of one-, two-, and three-bedroom apartment homes with private patios and private backyards. The community also includes a 24-hour fitness center and two pool areas. 

The Shops at Legacy and the Legacy West shopping and dining district, both popular retail destinations, are easily accessible from the community, which is surrounded by numerous parks and recreational areas.

TruAmerica and the seller were represented by Greg Toro and Rob Key of JLL, while Brandon Smith and Annie Rice of JLL procured the debt for the buyer. 

TruAmerica’s Ammanuel Metta added, “DFW—and particularly Plano—thrive thanks to its expanding job market and exceptional quality of life.”