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RangeWater Real Estate and equity partner Harbert US Real Estate have acquired a single-family rental community in the Round Rock submarket of Austin. The joint venture purchased Rock Springs Duplexes at 1338 Christopher Ave.

Rock Springs Duplexes was constructed in two phases, Phase I in 1985 and Phase II in 1996. The community features 108 three-bedroom, two-bathroom homes and 43 three-bedroom, 2.5-bath units. They range from 968 to 1,280 square feet.