NY investor makes first Austin purchaseNY investor makes first Austin purchasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=170342017-07-07T05:00:00Z2017-07-07T16:00:00Z

​AUSTIN – New York City-based Praedium Group LLC has acquired the Fox Hill Apartments, a 288-unit community on 33 acres ​at 8800 US 290.

Fox Hill was built in 2010 and features one-, two-, and three-bedroom units with an average rent of $1,202. 

​​The seller, Bluerock Residential Growth REIT, purchased the ​property in 2015 for a little more than $38 million through a joint venture.

The deal is the first in the area for Praed​ium Group, which plans to upgrade parts of the community.

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2017/07/05/ny-investor-finally-gets-piece-of-austin-fox-hill.html?s=printRead more at {Source}

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