Colonial Properties Trust acquired Villas on South Creek, a 232-unit multifamily property in Austin, Texas.
The value of the transaction was not disclosed.
The class-A property is located at 1111 South Creek Drive in the Round Rock sub-market.
Following Colonial Properties branding program, the property will be renamed Colonial Village at Sierra Vista. The property has one- to three-bedroom apartments ranging from 750 to 1,200 square feet.
Colonial Properties Trust is a diversified REIT that owns a portfolio of multifamily, office and retail properties.
***
What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!