Also in north Austin, Hyde Park at Wells Branch was built in 1999 and features 576 units. The garden-style community has 350 units. Edwards Park area of Austin and was built in 2009. Hyde Park at Ribelin Ranch is located in the St. The property is situated in Castle City to the north of San Antonio. Manor at Castle Hills, a garden-style community, was built in 2000 and includes 306 units. Build in 1999, Hyde Park at Enclave is a newly renovated community in the Briar Forest area west of Houston and offers 476 units. The garden-style community was built in 2000 and features 320 units. Hyde Park at Lake Wyndemere is located the Woodlands master-planned neighborhood north of Houston. Irving: Lakepointe at Las Colinas-to be renamed The Blvd (5353 W.Austin: Hyde Park at Wells Branch-to be renamed Beck at Wells Branch (2801 Wells Branch Parkway).Austin: Hyde Park at Ribelin Ranch-to be renamed the Asten at Ribelin Ranch (9900 McNeil Drive).San Antonio: Manor at Castle Hills-to be renamed Alon at Castle Hills (1835 Lockhill Selma Road).Houston: Hyde Park at Enclave-to be renamed Hayden at Enclave (12951 Briar Forest Drive).Houston: Hyde Park at Lake Wyndemere-to be renamed Artisan at Lake Wyndemere (2109 Sawdust Road).The portfolio consists of the following properties: Occupancy rates of the six properties range from 92.9 to 97.7 percent, according to Yardi Matrix data. “With nation-leading job growth numbers, Texas MSAs offered a compelling proposition for value-add acquisitions that allows us to serve residents.” Growing across metro areas “Each metro area offers a unique opportunity for long-term investment, and the decision to grow our portfolio in each of the state’s major markets was supported by the positive returns we’ve experienced,” he added. ![]() “We’ve always had an affinity for the Texas multifamily market and its solid fundamentals,” commented American Landmark CEO Joe Lubeck to Multi-Housing News. American Landmark plans to roll out $14.7 million in capital improvements for apartment and community amenities. The properties were built from 1999 to 2012 and the deal includes one luxury apartment community. The deal for the communities in and around Houston, San Antonio, Austin and Dallas brings the multi-family owner-operator’s Texas portfolio to 34 assets. ![]() Image courtesy of American LandmarkĪmerican Landmark Apartments has acquired a six-property multifamily portfolio in Texas for $311 million, adding 2,284 apartment units to its rapidly growing platform.
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