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Cedar Park apartments sold

​​​​​​​CEDAR PARK – Old Three Hundred Capital has purchased Muir Lake Apartments, a 322-unit apartment community on 46.1 acres at 12600 Avery Ranch Blvd. 

Built in 2014, the asset has one- and two-bedroom floor plans. It is 96 percent leased. 

The apartments are along​ a 30-acre water feature called Muir Lake. Residents have canoeing, kayaking, and boating access. 

Other amenities​ include a swimming pool with sundeck, grills and a fireplace lounge, fitness center, yoga room, indoor spa, steam room, sauna, fully fenced dog park, and business center. ​​

JLL securing $61.4 million in acquisition financing through Walton Street as well as equity through Arrowmark Commercial Real Estate Partners.​

Sterling Real Estate Partners​​ purchased the asset in 2019.

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