Multifamily news in Austin
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Growing Inventory Caps Austin Rent Growth
The city's economy is strong and population is booming, but a heavy new supply of apartments is limiting growth. Rents in the metro were flat year-over-year compared to a 1.5 percent national growth rate as of May.
17 July 2017 08:50 -
Austin’s Top 10 Largest Communities Under Development
The city's booming economy and rapid population growth have led to a surge in housing demand in recent years. Here is a list of the biggest communities under construction in the area.
17 July 2017 08:46 -
The Praedium Group Invests $90M in TX, FL
“The real estate investment firm added 530 units to its multifamily portfolio by acquiring the 288-unit Fox Hill Apartments in Austin and the 242-unit Park Place at Maguire in Orlando.
10 July 2017 15:41 -
Post South Lamar Phase II Finalized, Begins Leasing
The 344-unit community, located in Austin’s West End submarket, offers studio, one- and two-bedroom units averaging 734 square feet. The leasing activity has started and the property will open on June 15.
08 June 2017 09:13 -
Capstone Adds 7 More to Texas Portfolio
The firm has been awarded management responsibilities for seven communities in the Texas area, rising its portfolio to roughly 38,000 units.
30 May 2017 13:02 -
Tarrytown Boutique-Style Community Announces Opening Date
Located west of MoPac, in Central Austin’s Tarrytown, the property includes 27 new residential units up for lease. The community offers the unique feature of having no stairs, only elevators to and from its underground parking.
16 May 2017 09:12 -
Capstone Brings New COO on Board
Tina West has more than 25 years of experience in property management and is expected to spearhead Capstone’s operations team.
11 May 2017 09:54 -
Lantower Residential Acquires NXNE in North Austin
North by Northeast is a 375-unit community built in Austin’s Tech Ridge submarket. Major tech companies such as Dell, Apple, IBM and Samsung have set up offices in the area.
09 May 2017 13:05 -
On the Market: 5 Interesting Listings for the Week of 4/10
MHN's recent finds include two Colorado properties: one in the burgeoning Colorado Springs student housing market, and a historic four-unit property in Denver built in 1890.
19 April 2017 13:00 -
On the Market: 5 Interesting Listings for the Week of 4/3
This week's assets include two student housing properties: a 528-bed community with a pool located less than half a mile from Georgia Southern University and a sleek 2017-built property near the University of Texas in Austin.
07 April 2017 14:37 -
The Richardson at Tarrytown Begins Leasing
The 27 rental homes range in price from $3,300 to $8,800 per month, with amenities including a dog park, wine cellars, bike storage and more.
03 April 2017 12:48 -
Class A Multifamily Community Breaks Ground in Austin
The development will include nearly 2,200 square feet of ground floor retail space.
22 March 2017 14:38 -
Yardi Matrix: Cooling Rents—Austin’s City Limits
The city's multifamily market continues to be a hotbed of activity, despite a growing sense of caution that rents and development are beginning to decelerate.
20 March 2017 12:54 -
Campus Advantage to Manage 2 New TX Student Housing Properties
Catalyst is collaborating to develop branding for the communities.
20 March 2017 08:26 -
HFF Facilitates Acquisition Financing for Apple Creek
At the time of the deal, the asset was 98 percent leased.
14 March 2017 09:28