The 311-unit Class A apartment complex, Legacy Flats, has traded hands.

The complex was recently sold to Scottsdale, Arizona-based PEM Real Estate Group, a real estate investment and management firm. Selling the property was Legacy Flats LTD., a San Antonio-based multifamily development firm. While the purchase price was not disclosed, the property was last assessed by the Bexar County Appraisal District at $35 million.

Berkadia’s Houston and San Antonio offices, which include Senior Managing…