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 Praedium Group, which plans to upgrade parts of the community.
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