Regal Canyon

Fund III acquired Regal Canyon in September of 2010. This 156-unit class A apartment community is located in a high growth area in the northwest Austin suburb of Cedar Park. The property offers six open and spacious one, two, and three bedroom floor plans with an average unit size of 1,044 SF. Custom apartment details include separate breakfast areas, GE appliances including microwaves and ice makers, double vanities, garden tubs, track lighting, and oversized patios/balconies. In addition, with 98 attached garages and 52 carports, there is either enclosed or covered parking for 96% of the apartment units.

Regal Canyon is located on Cypress Creek Road, a major Cedar Park arterial connected to the newly completed Highway 183 Toll-way, which allows residents convenient access to employment centers in North Central Austin and Round Rock. Major employers in the area include IBM, Cisco, Seton Northwest Medical Center, State Farm, Freescale, Applied Materials, and Dell Computer.