Praedium Group Sells 346-Unit Apartment Community in Plano

PLANO, TEXAS — The Praedium Group, a New York City-based investment firm, has sold Legends at Chase Oaks, a 346-unit multifamily community in the northeastern Dallas suburb of Plano. After acquiring the asset in 2014, Praedium Group executed a value-add program to the property’s unit interiors and amenity spaces, the latter of which includes a pool, business center, fitness center, resident clubhouse and a playground. Will Balthrope, Drew Kile, Joey Tumminello and Grant Raymond of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller. The buyer was California-based StarPoint Properties.