CenterSquare Announces Sale of Multifamily Property – The Asten at Ribelin Ranch

December 2021

In March 2019, CenterSquare Value-Added Fund III and its joint venture (JV) partner, affiliates of American Landmark, acquired The Asten at Ribelin Ranch as part of an off-market multifamily portfolio. The JV was attracted to the Class A multifamily asset due to its prime location in the high barrier-to-entry northwest Austin submarket and the opportunity to improve the property for tenants by executing on a valued-added business plan.