ROUND ROCK – Toronto-based Starlight U.S. Multifamily Core Fund has purchased a 384-unit apartment complex from Illinois-based McShane Development Co.
City North at Sunrise Ranch is a Class A community that was completed in 2008 on almost 21 acres at 2800 Sunrise Rd.
The 585,504-sf complex has one-, two-, and three-bedroom units in 17 three-story buildings and was 93 percent occupied at the time of sale.
Alliance Residential Co. will manage the community on behalf of Starlight.
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