Austin
DMA Development Co. Announces New Mixed-Income Asset in Austin
Talavera Lofts will encompass 92 units, 90 of which will lease for rental rates affordable to households with incomes ranging below 30 to 60 percent of AMI.
Austin Multifamily Report – Summer 2019
Multifamily rent growth in Texas’ capital is among the highest in the country, up 4.9 percent year-over-year through June to $1,401, only $64 below the U.S. average.
JLL Facilitates Sale of Texas Community
The brokerage company represented the seller, Barker Investments, in the disposition of Whispering Oaks in Lockhart, Texas.
Waterton Reenters Austin With 950-Unit Acquisition
After exiting the market in 2015, the company has now acquired three communities in Texas’ capital, 14 miles north of the metro’s CBD, betting on a value-add strategy.
Master-Planned Community Coming to Texas Hill Country
281 Round Mountain LLC, headed by the father and son team of Grant and Travis Dean, are the developers of Trinity Oaks Preserve.
SWBC Acquires Value-Add Asset in West Austin
SWBC plans to further upgrade the rental units and bring the garden-style community up to current standards for high-end assets.
Rastegar Property Acquires 2 Austin Communities
The company purchased Zilker Place Apartments and Redbud Bungalows, both of which are set to undergo capital improvements.
Allied Orion Chosen to Manage 800 Texas Units
The company will oversee two Class A communities owned by GenCap Partners Inc. in Austin and Leander, boosting its portfolio of more than 23,000 apartment units nationwide.
Affordable Housing: Is Austin Becoming the Next Palo Alto?
Affordable Central Texas’ David Steinwedell and Carleton Residential Properties’ Printice Gary share their views on Austin’s looming affordability crisis in the workforce housing sector.
CIM Group Completes Austin’s Tallest Tower
Nicknamed the Jenga tower for its distinctive stacked design, the 58-story condo community is located downtown and houses more than 20,000 square feet of amenities.