NKF Brokers Sale of 330-Unit Apartment Community in Metro Austin

ROUND ROCK, TEXAS — Newmark Knight Frank (NKF) has brokered the sale of The Ace, a 330-unit multifamily community located in the northern Austin suburb of Round Rock. The Class A property is located near the corporate campuses of Dell, Apple and Samsung, as well as The Domain, a shopping and dining destination. Units at the property, which was built in 2018, average 918 square feet and offer wood-style flooring, stainless steel appliances and granite countertops. Amenities include a pool, multiple outdoor recreation areas, 24-hour fitness center and coworking facility with private offices and collaborative space. Patton Jones of NKF represented the seller, Birmingham-based LIV Development, which sold the property to Virginia-based Weinstein Properties for an undisclosed price. The Ace was 95 percent occupied at the time of sale.