Marcus & Millichap Sells 152-Unit, Luxury Apartment Complex in Round Rock, Texas
ROUND ROCK, Texas – 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, a 152-unit apartment complex in Round Rock. The terms of the sale were not disclosed.
Joe James and Kent Myers, both senior associates in Marcus & Millichap’s Austin office, represented the local seller and the California-based buyer. Peter Dunn, 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.”