The properties at 101 Hidden Oaks Dr. and 100 Appledown Dr. total 788 units which average roughly 900 square feet. From largest to smallest, which are single to three-bedroom units at the Hidden Oaks, range from $595 per month rent to $820 per month, according to apartmentguide.com.
The purchase was made with 10-7ear financing from Freddie Mac at 5.78%. Starwood and Somerset have planned renovations and amenities for the project and were advicsed in the transaction from Brush Island Capital, LLC and CW Capital, which helped arrange the financing.
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