AUSTIN – Steadfast Apartment REIT III has purchased Canyon Resort at Great Hills for $44.5 million.
Built in 1997 at 8701 Bluffstone Cove, the property features 256 apartments over 12 three-story buildings. The one-, two-, and three-bedroom units average 983 sf.
At the time of sale, the property was 94.5 percent occupied with in-place rents averaging $1,335 per month.
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