TruAmerica acquires 300-unit multifamily property in Plano, Texas, for $50m

TruAmerica Multifamily acquired Sheridan Park at Spring Creek Apartments, a 300-unit multifamily property located in Plano, Texas. The transaction purchase price of $50.3 million includes the building and associated property. The community was acquired in partnership with Spoke Real Estate Capital.

The Sheridan Park at Spring Creek Apartments consist of one-, two- and three-bedroom apartment homes that feature wood-burning fireplaces, private patios, washer/dryer connections and private backyards. With a spacious resident lounge, the pet-friendly 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. The property is also located near major highways as well as DFW International Airport and the University of Texas at Dallas.

The city of Plano boasts a d