Knightvest Capital Acquires 1,027-Unit Round Rock Apartment Portfolio
Knightvest Capital acquired the Silicon Hills portfolio, three communities totaling 1,027 units in Round Rock, Texas. Lynd Living was the seller of the three properties.
The acquired portfolio includes Enclave at La Frontera, a 411-unit community built in 2004; Lakeside at La Frontera, a 366-unit community built in 2001; and Legends Lake Creek, a 250-unit community built in 2001. Enclave and Lakeside sit adjacent to one another within the La Frontera master-planned mixed-use development in Round Rock, with Legends Lake Creek approximately six miles west in the Lakeline/Lake Creek submarket.
Knightvest will implement a comprehensive renovation program, including planned improvements to the exterior, common-area amenities, and a subset of unit interiors. As part of the renovation efforts, Knightvest will rename Enclave at La Frontera to Brixton, Lakeside at La Frontera to Calder, and Legends Lake Creek to Sutton.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout