ALLEN, TX - Weidner Apartment Homes, a real estate investment and property management company, acquired the community Magnolia on The Green Apartments in Allen, TX, from RPM Property Management on Tuesday, December 21, 2021. Weidner is recognized industry-wide as an efficient provider of quality rental homes and a creative developer of new housing. This acquisition marks Weidner’s second community in Allen, seventh property in the Dallas metro, and 31st property in Texas.
The community was built in 2020, holds 326-units, provides 493 parking spaces, and sits on 7.02 acres. This expansive property resembles a hybrid architectural design featuring a four-story wrap apartment building with a structured parking garage in combination with a three-story garden-style product with tucked-under garages, providing an array of living options.
Magnolia on The Green Apartments is located at 1845 Chelsea Blvd, Allen, TX 75013, in Collin County and about 35-minutes north of downtown Dallas. The community is right along the 121 Corridor and North of the US 75 Central Expressway, providing access to over 100,000 jobs within a three-mile radius and an abundance of dining, shopping, and entertainment venues. Nearby shopping includes Watters Creek at Montgomery Farm, Allen Premium Outlets, Fairview Town Center, and The Village at Allen. The community is also zoned in the highly-rated Allen Independent School District.
Magnolia on The Green offers 23 different floor plans of luxurious one and two-bedroom apartment homes. Each layout comes with Wi-Fi-enabled locks and thermostats, granite countertops, polished stainless-steel appliances, designer backsplash with under cabinet lighting, and hardwood-inspired floors. The homes also include contemporary hardware and finishes, oversized walk-in closets, and an in-unit washer and dryer.
Magnolia on The Green is a pet-friendly community and offers a full list of desirable amenities. The shared outdoor spaces include a resort-inspired pool with a cascading water feature and tanning deck, a courtyard with an outdoor kitchen, grilling stations, fire pits, and a relaxing Zen Garden. The indoor amenities are a resident lounge with a gourmet kitchen, terrace, and billiards, as well as a 24-hour fitness center, an executive business center with complimentary Wi-Fi, a gourmet coffee bar, and a 24-hour Luxer One package system. The property also offers direct access to the Cottonwood Creek Trail.
Weidner will be the property’s owner and manager and is excited to further root itself in the Allen, TX, multifamily rental market.
About Weidner Apartment Homes: Founded by W. Dean Weidner in 1977, Weidner Apartment Homes is a real estate investment and management company, recognized industry-wide as an efficient provider of quality rental homes and a creative developer of new housing. To provide the benefits of regional and economic diversity, their properties are located in Alaska, Arizona, Arkansas, California, Colorado, Minnesota, North Dakota, Oklahoma, Texas, Utah, Washington, Wisconsin, and Canada. The company is headquartered in Kirkland, WA. For additional information, visit www.weidner.com or e-mail info@weidner.com