PLANO - Aspen Square Management sold the 194-unit Wellington at Willow Bend at 3200 Parkwood Blvd. to Banner Apartments LLC for $17.95 million, or about $92,518 per unit. This was the buyer's first acquisition in the Dallas market.
The three-story, 179,137-sf, Class B multifamily property was built in 1991 and is in the Upper Tollway/West Plano submarket. The apartment complex was 96.4 percent occupied.
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