Danny Miller Of Colliers Represents Seller In Sale Of 318-Unit Multifamily Community In Plano

The property involved in the context is a multifamily asset located at 1109 Park Vista Road in Plano. This active adult community, named Park Residences Plano, consists of 318 units and spans 31 acres. The property was built in 2023 and includes cottages along with a mid-rise building, as well as a 10,000-square-foot clubhouse featuring resort-style amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Units: 318
• Acres: 31
• Address: 1109 Park Vista Road
• Market: Plano

The sale was facilitated by Danny Miller, who represented the undisclosed seller through Colliers. An unnamed buyer successfully completed the acquisition of the property under consideration.