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KING OF PRUSSIA, PA. — A partnership led by Vantage Properties LLC signed an agreement to acquire the 650-unit Marquis Apartments in King of Prussia from Marquis Associates LP for approximately $70 million. Vantage will undertake a comprehensive, multi-million dollar transformation of the five-building, Class A property, which will be completed in phases by the end of 2016. Planned improvements include full renovations of the apartments, amenities and common areas, as well as landscaping, entryways and other outdoor enhancements. Stephen Varenhorst of Varenhorst Architects and David Rubin of Land Collective, will design the buildings and landscape, respectively.