ROUND ROCK, TX– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of The Links at Forest Creek (top left photo), a 152-unit apartment complex in Round Rock. The terms of the sale were not disclosed.
Joe James (top right photo) and Kent Myers (middle left photo), both senior associates in Marcus & Millichap’s Austin office, represented the local seller and the California-based buyer. Peter Dunn (lower right photo), a Marcus & Millichap Capital Corporation (MMCC) senior director in Houston, arranged the financing for the transaction.
“The combination of low vacancy and above-average rent growth continues to attract apartment investors to the Round Rock area,” says James. “Many of the region’s young professionals prefer the freedom of renting, which bodes well for local apartment owners, as the 25-to-34-year-old age cohort is forecast to grow this year.”
The 142,348-square foot property is located at 20404 Poppy Hills Trail in Round Rock, close to State Highway 130, Interstate 35, State Highway 45, U.S. Highway 79, the MoPac Expressway (Texas State Highway Loop 1), Capital of Texas Highway, U.S. Highway 183 and U.S. Highway 290. Completed in 2010, The Links at Forest Creek provides residents with controlled access entry, covered parking, a luxurious clubhouse, a state-of-the-art fitness center, a resort-style swimming pool and a cozy neighborhood living environment.
The property’s units average 937 square feet and include fully equipped kitchens, built-in microwave ovens and ample storage. Additional unit features include ceiling fans, faux-wood vinyl floors, washer/dryer connections and patios/balconies.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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