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JV picks up Roanoke apartment complex

​​ROANOKE – A joi​nt venture between Magma Equities and Walker & Dunlop Investment Partners has purchased Lost Spurs Ranch, a 240-unit apartment complex. 

​Built in 2001, the property is on 13.5 acres at 13450 Alta Vista Rd. It has 12 three-story buildings with one-, two-, and three-bedroom floor plans.

Amenities include a pool, fitness center, basketball court, playground, and media room.

The seller was Moody National Cos. The deal included the Village at Bellaire​, a 580-unit property in Houston.

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​Source: REBusiness Online


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