Friday, November 08, 2013

Virginia-based apartment investor announces second Dallas-area purchase this month

Mission Collin Creek\
Virginia-based Landmark Apartment Trust of America Inc. said Thursday that it’s bought a Plano apartment community – it’s second local purchase this month.
The real estate investment trust bought the Mission Collin Creek apartments at 2301 Pebble Vale. Built in 1988, the property contains 314 units and is 98 percent occupied.
Landmark Apartment Trust now owns or operates 21 apartment properties in the Dallas area.
The company just purchased the 194-unit Mission Preston Wood apartments at 333 Prestonwood Drive in Richardson.
By Steve Brown