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Blackstone purchases 1,700 apartments in Legacy Town Center

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PLANO – A unit of Bla​cks​tone Group purchased the Legacy North apartments in the Legacy Town Center mixed-use development.

The sale included 1,700 units in 17 buildings built between 2007 and 2012.​

The apartments are almost fully leased with rents averaging $1,325 a month.

Invesco Real Estate owned the apartments since 2014. Walker & Dunlop brokered the sale. The transaction cost around $300 million.

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​Source: Dallas Morning News​

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