PLANO – A joint venture between Magma Equities and Franklin Templeton has purchased Palencia Apartment Homes.
The nine-building, 281-unit multifamily property was built in 1996 on 9.6 acres at 17817 Coit Rd.
It consists of studio, one-, and two-bedroom units. Amenities include multiple pools, a clubhouse, fitness center, business center, and picnic and grilling areas.
The new ownership will upgrade unit interiors.
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Source: REBusiness Online