Cedar Park apartments soldCedar Park apartments soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=260322021-06-09T05:00:00Z2021-06-09T21:00:00Z

​​​​​​​CEDAR PARK – Old Three Hundred Capital has purchased Muir Lake Apartments, a 322-unit apartment community on 46.1 acres at 12600 Avery Ranch Blvd. 

Built in 2014, the asset has one- and two-bedroom floor plans. It is 96 percent leased. 

The apartments are along​ a 30-acre water feature called Muir Lake. Residents have canoeing, kayaking, and boating access. 

Other amenities​ include a swimming pool with sundeck, grills and a fireplace lounge, fitness center, yoga room, indoor spa, steam room, sauna, fully fenced dog park, and business center. ​​

JLL securing $61.4 million in acquisition financing through Walton Street as well as equity through Arrowmark Commercial Real Estate Partners.​

Sterling Real Estate Partners​​ purchased the asset in 2019.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
Austin-Round Rock
Read more at {Source}

 Search NewsTalk Texas