Chicago based Waterton acquires 434-unit apartment community in Plano

Waterton – a Chicago-based real estate investment and property management company with a focus on U.S. multifamily, senior living and hospitality properties – has acquired Mission Gate, a 434-unit apartment community in Plano.

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Mission Gate is built on 24 acres and features one-bedroom, two-bedroom and three-bedroom units with an average size of 965 square feet across 13 buildings.

Built in 1999, the property is situated at 8025 Ohio Dr, Plano, TX 75024.

Amenities include a pool, outdoor grilling stations, a playground and a dog park.

Waterton plans to update the classic and partially renovated units to a finish level similar to that of the existing fully renovated units.

Jeremy Stern is the vice president of acquisitions at Waterton.