In a joint effort, TruAmerica Multifamily and Spoke Real Estate have acquired Sheridan Park at Spring Creek Apartments in Plano for $50.3 million. This 300-unit multifamily property, located at 2001 E. Spring Creek Pkwy, offers one-, two-, and three-bedroom apartments with private patios and backyards. Residents can also enjoy amenities such as a 24-hour fitness center and two pool areas.
The community is conveniently situated near popular retail destinations like The Shops at Legacy and the Legacy West shopping district, as well as several parks and recreational areas.
JLL represented both TruAmerica Multifamily and the seller in this transaction through Greg Toro & Rob Key while Brandon Smith & Annie Rice of JLL procured debt for the buyer.
According to Ammanuel Metta of TruAmerica Multifamily, DFW’s job market growth combined with its high quality of life make it an ideal location for investment opportunities like this one in Plano.
