Rangewater, Harbert acquire build-to-rent property north of Austin

A partnership between Atlanta-based RangeWater Real Estate and Birmingham-based Harbert Management Corp. has acquired Rock Springs Duplexes, a 150-unit build-to-rent residential property located in the northern Austin suburb of Round Rock.

Built in phases between 1985 and 1996, Rock Springs Duplexes exclusively offers three-bedroom homes that range in size from 968 to 1,280 square feet. Amenities include a fitness center, coffee bar and a community kitchen. The seller was not disclosed. The new ownership plans to make minor renovations to the property.