May 21, 2019
Developer/investor LIV Development sold The Ace, a 330-unit garden apartment in Round Rock, TX, north of Austin. The seller, headquartered in Birmingham, AL, struck a deal with buyer Weinstein Properties, a family owned, multifamily investment firm in Virginia.
Located at 1401 Satellite View, The Ace delivered in 2018, and was 95% occupied at the time of sale. Patton Jones with NKF represented the seller in the transaction.
“As Central Austin and The Domain area continue to become more dense and expensive, renters are seeking this kind of spacious luxury living at more attractive rental rates,” Jones said.
The Ace offers one, two and three-bedroom units. Amenities include an infinity edge pool, multiple outdoor recreation areas, a 24-hour fitness center with yoga and cross-training studios and entertainment spaces. The property also offers a LIV WRKSPACE, offering a rentable office suite with private offices, collaborative space and cubicles.
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