ROCKWALL – Steadfast Apartment REIT has acquired Lake Ray Hubbard, a 334-unit apartment community.
Built in 2009, the 96 percent-occupied community has 42 apartment buildings housing one-, two-, three-, and four-bedroom floor plans. The average unit size is 1,118 sf, and the average rent is $1,603.
The property will be upgraded and renamed Sixteen50 @ Lake Ray Hubbard.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.