American Landmark Acquires 480-Unit Apartment Community in Plano

PLANO, TEXAS — Tampa-based multifamily owner-operator American Landmark has acquired Legends at Ridgeview Ranch, a 480-unit multifamily community in Plano. Built in 1999, the property offers one-, two- and three-bedroom units and amenities such as two pools, grilling stations, a fitness center, basketball court, resident clubhouse, business center and a dog park. American Landmark will invest approximately $3.6 million in capital improvements to the unit interiors and certain amenity spaces. The seller of the property, which was 96 percent occupied at the time of sale, was not disclosed.