Bluerock Real Estate Sells Archstone Tech Ridge Apartments
Bluerock Real Estate, LLC (“Bluerock”) has announced the sale of the Archstone Tech Ridge Apartment Community in Austin, TX to a partnership of The Carlyle Group and the Carroll Organization. The 256-unit community was only 50% complete when Bluerock acquired it with development partner, Archstone, in February 2010. At the time of Bluerock’s sale, the property was over 95% leased,...