Houston: $13 million takes The Reserve at Jones RoadHouston: $13 million takes The Reserve at Jones Roadhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=25392014-11-07T13:39:00Z2014-11-07T10:00:00Z

HOUSTON - Starlight U.S. Multi-Family Core Fund has entered into an agreement to acquire The Reserve at Jones Road, a 114-unit, garden-style, Class A apartment complex.

Price for the property is approximately $13.1 million.

It was completed in 2013 and is located at 11925 Jones Rd. The company is scheduled to close on or about November 11.

The Reserve consists of four, three-story walk-up buildings on a 4.2-acre site comprised of one- and two-bedroom units. As of October 27, The Reserve's occupancy was 94.7 percent.

Amenities include a central clubhouse with a 24-hour fitness center and an executive business center. Outdoor amenities include a salt-water lagoon pool, cabana with gas grill, picnic area and dog park.

Source: Starlight U.S. Multi-Family (No. 3) Core Fund

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http://www.newswire.ca/en/story/1435097/starlight-u-s-multi-family-no-3-core-fund-to-acquire-apartment-complex-in-rapidly-growing-houston-texas-submarket-and-achieve-full-deployment-of-initiRead more at {Source}

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