AUSTIN - Trammell Crow Residential sold the 350-unit Alexan Ribelin Ranch to a private buyer. The new owner will rebrand the five-year-old property.
Alexan Ribelin Ranch is located in the master-planned, mixed-use Ribelin Ranch on the metro's northwest side. The area is surrounded by 5,000 acres of the Balcones Canyonlands Preserve.
The complex offers one-, two- and three-bedroom units ranging from 747 sf to 1,501 sf. Rents are between $791 and $1,599 per month.
The sales price for the multifamily property at 9900 McNeil Dr. The Travis Central Appraisal District assesses the property at $31.6 million.
Read more at GlobeSt.
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