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​​​HOUSTON – Affiliates of Austin-based F&B Capital have purchased two apartment communities totaling 501 units from Monogram Residential Trust.

The Muse at Museum District is a 270-unit complex at 1301 Richmond Ave., and Allusion West University totals 231 units at 3810 Law St. Both properties were developed in partnership with Trammell Crow Residential.

F&B's Roscoe Properties affiliate will manage the apartments.