Vanguard Real Estate Advisors, a Dallas-based real estate advisory and capital markets firm, announces the sale of an 11-acre build-to-rent (BTR) development site in Melissa, Texas. Jordan Cortez, Mason John, and Haley Birmingham of Vanguard REA represented the Purchaser, Legacy Partners, who plans to construct a luxury 133-unit build-to-rent community. Legacy Partners is a privately-owned real estate firm that develops, manages, and acquires multifamily and BTR communities in core markets throughout the United States.
The Site is ideally located in the heart of Melissa with frontage along State Highway 5, approximately three miles NE of the Highway 75 and Highway 121 intersection. Melissa is a dynamic suburban community in Collin County just 40 miles north of Dallas with excellent connectivity to greater DFW.