FRISCO - Colonial Properties Trust has purchased the 252-unit Colonial Reserve at Frisco Bridges for $36.2 million.
Colonial Reserve at Frisco Bridges is a newly developed Class A mid-rise apartment community. The apartment community was completed in 2013 and is currently in lease-up with 30 percent of the units leased at the time of acquisition.
Colonial Properties Trust is based out of Birmingham, Alabama.
Read more at Business Wire.
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