Round Rock's 512-Unit Orchard brings $56 millionRound Rock's 512-Unit Orchard brings $56 millionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=23222014-12-03T07:57:00Z2014-12-03T00:00:00Z

ROUND ROCK - The Orchard Apartments, a 512-unit apartment community at 2811 La Frontera Blvd., has been sold for $55.5 million. The Class A community was purchased by Griffis Residential, who renamed the property Griffis Las Frontera.

The community offers one-, two- and three-bedroom units ranging in size from 640 sf to 1,232 sf and in price from $815 to $1,955 per month.

Griffis Residential has a $4 million upgrade platform in the works that will target common areas and units in the 1997 development.

The property is near the La Frontera master-planned commercial park, the Forest Park Medical Center that will open this month, and Dell Computer.

Multi-Housing News
Austin-Round Rock
http://www.multihousingnews.com/news/todays-deals-the-carlyle-group-picks-up-austin-apartments-from-greystar/1004111454.htmlRead more at {Source}

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