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Six-property, $311 million multifamily portfolio soldSix-property, $311 million multifamily portfolio soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=224982019-05-14T05:00:00Z2019-05-14T17:00:00Z

​​AUSTIN – Ascenda Capital and American​ Landmark Properties have purchased a six-property, 2,284-unit multifamily portfolio.

Provident Realty Advisors sold the assets for $311 million.

The properties are the:

  • 320-unit, 96.8 percent-occupied Hyde Park at Lake Wyndemere, 2109 Sawdust Rd. in The Woodlands, renamed Artisan at Lake Wyndemere;

  • 486-unit, 95.1 percent-occupied Hyde Park at Enclave, 12951 Briar Forest Dr. in Houston, renamed Hayden at Enclave;

  • 306-unit, 97.7 percent-occupied Manor at Castle Hills, 1835 Lockhill Selma Rd. in San Antonio, renamed Alon at Castle Hills;

  • 350-unit, 96 percent-occupied Hyde Park at Ribelin Ranch, 9900 McNeil Dr. in Austin, renamed Asten at Ribelin Ranch;

  • 576-unit, 93 percent-occupied Hyde Park at Wells Branch, 2801 Wells Branch Pkwy. in Austin, renamed Beck at Wells Branch; and 

  • 256-unit, 96.8 percent-occupied Lakepoint at Las Colinas, 5353 W. Las Colinas Blvd. in Irving, renamed The Blvd. 

GlobeSt.com
Texas
Multifamily
https://www.globest.com/2019/05/12/portfolio-assets-spread-over-five-fast-growing-cities/Read more at {Source}

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