The Ontario-governed Starlight U.S. Multi-Family Core Fund (Starlight) has announced its acquisition of a 114-unit multi-family property, known as The Reserve at Jones Road, in Houston, Texas. The garden style, Class “A” apartment, located at 11925 Jones Road, was completed in 2013 and, as of November 10, was 94.7 per cent occupied.

The property is comprised of four, three-storey walk-up buildings on a 4.22-acre site. Each building contains one and two-bedroom units with nine-foot ceilings, private patios or balconies and exterior storage. Amenities include a 24-hour fitness centre, executive business centre, salt water lagoon pool, cabana with gas grill, picnic area and dog park. Common areas are also equipped with Wi-Fi high speed internet access.

With this acquisition, Starlight retains Greystar Real Estate Partners (Greystar) as the onsite property manager. Greystar also manages Starlight’s The Falls at Copper Lake, The Villages at Sunset Ridge, The Falls at Eagle Creek and Yorktown Crossing, all located in Houston.