Steadfast REIT wades Rockwall water with 334-unit communitySteadfast REIT wades Rockwall water with 334-unit communityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=147822016-10-07T05:00:00Z2016-10-07T20:00:00Z

​​ROCKWALL - Steadfast Apartments REIT has acquired Lake Ray Hubbard, a 334-unit apartment complex at 1650 S. John King Blvd.

The 375,000-sf multifamily community consists of one- to four-bedroom apartments that average 1,118 sf with monthly rents listed at an average of $1,603. 

Currently 96 percent leased, the 42-building, garden-style community was completed in 2009 on a 32.65-acre site just south of I-30 and roughly 25 miles northeast of Dallas in the Rockwall County Multifamily submarket.

The acquisition marks the eighth investment in Texas for Steadfast, which plans to upgrade a number of units and rebrand Lake Ray Hubbard to Sixteen50 @ Lake Ray Hubbard.
CoStar Group
Dallas-Fort Worth-Arlington

​Don't miss out on Multifamily​ data in DFW Market Research​!

Source: {Source}

 Search NewsTalk Texas