Fairfield RanchHouston, Texas
Asset – 294 class-A garden-style apartments
Total Development Budget – Approximately $33 million
Acquisition Date – Sept. 24, 2013
Market – Located 27 miles northwest of Houston in the Fairfield master-planned community that spans more than 3,200 acres
CNL Growth Properties owns an 80 percent interest through a joint venture with AHC Fairfield Operator, LLC.