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Austin apartment community sold for $44.5 millionAustin apartment community sold for $44.5 millionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=155252017-01-06T06:00:00Z2017-01-06T16:00:00Z

​​​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. ​

REBUSINESS
Austin-Round Rock
Multifamily
http://rebusinessonline.com/steadfast-apartment-reit-iii-acquires-256-unit-multifamily-community-in-austin-for-44-5m/Read more at {Source}

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