DALLAS—Denver-based Amstar, on behalf of one of its public retirement system clients and in conjunction with its partner, The Hanover Co., announced today the sale of Hanover Cityplace, a 396-unit luxury apartment community in Uptown Dallas. The buyer and sale price were not disclosed.

Amstar and Hanover acquired the 4.4-acre site in May 2012 and developed the five-story property, which features three large private resident courtyards, a resort-style swimming pool and a well-appointed lounge area. The unit amenities include class A finishes such as wood cabinets, stainless-steel appliances, granite countertops and full-size washers and dryers.

“Early into the current real estate cycle, Amstar executed a develop-to-core strategy targeting multifamily properties in certain target markets,” Kim Sperry, Amstar managing director, told GlobeSt.com. “Hanover is a best-in-class developer and we look forward to partnering with them again on a future project.”