AUSTIN – Greensboro, N.C.-based Bell Partners has purchased Aria Steiner Ranch from the NRP Group.
The seller, based in Cleveland, broke ground on the 302-unit apartment complex in February 2014. Construction finished in early 2015 at 4800 Steiner Ranch Blvd.
Currently 96 percent leased, Aria Steiner Ranch consists of one-, two-, and three-bedroom units averaging 1,080 sf across 22 three- and four-story buildings.
The acquisition is Bell Partners' 34th investment in Texas and its 11th multifamily investment of 2016. The company will rebrand it as Bell Steiner Ranch and manage the community in-house.
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