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 email@example.com....
Get Inman via Facebook Messenger
Our top headlines delivered once a day.