RangeWater Real Estate and equity partner, Harbert US Real Estate (HUSRE), an investment strategy sponsored by Harbert Management Corporation, have acquired an expansive residential community in the growing Round Rock submarket of Austin.
The joint venture purchased Rock Springs Duplexes, located at 1338 Christopher Ave. The acquisition is part of rental housing industry leader RangeWater’s strategy to continue meeting housing demand by purchasing communities in desirable neighborhoods across the Sun Belt. The acquisition price was not disclosed.
“This is our first acquisition in partnership with HUSRE, and we are excited to continue expanding our portfolio in Austin, one of the fastest growing and most diverse cities in Texas,” said Steven Shores, president and CEO at RangeWater Real Estate. “We look forward to creating positive, fulfilling and impactful experiences for residents who call Rock Springs home.”
Rock Springs Duplexes features 108 three-be
