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Praedium sells Dallas multifamily community

Real estate investment firm Praedium Group LLC sold the Legends at Chase Oaks class A multifamily community in Dallas for an undisclosed price.

The property, built in 1997 and surrounded on three sides by the Watters Creek golf course, comprises 32 two-story buildings with direct garage access for a majority of the units.

The identity of the buyer was not disclosed.

The sale marks the full liquidation of Praedium VIII Multifamily Value Fund LP that had 19 properties totaling 5,200 units in 16 different U.S. markets.