Austin
Daniel Corp. Develops, Sells in South Austin
The company—which teamed up with CNL to construct the new project, located off William Cannon Drive and adjacent to McKinney Falls State Park—sold a 13-building community to Bell Partners.
Greystone Arranges Fannie Mae Loan for TX Asset
The Green Rewards refinancing loan, which carries a 10-year term, is estimated to reduce the property’s utility usage by 30 percent.
CDT Forms JV to Buy 452-Unit Asset for $70M
The Bridge at Asher Apartments acquisition is the company’s fourth investment with the Housing Authority of the City of Austin and its nonprofit affiliate, the Austin Affordable Housing Corp.
Hunt Real Estate Capital Arranges $55M for Austin Apartments
The community is part of a $311 million Texas portfolio acquired in April by American Landmark and Electra America.
NAREE Report: Apartments Needed to Meet Demand
With Gen Z looming behind the huge Millennial population, millions more apartments are needed over the next decade to meet a growing need.
Value-Add Asset Draws TN Investor
LEDIC Realty Co. has acquired Enclave at Water’s Edge, a 184-unit community in the IBM area, from Hamilton Zanze & Co.
Austin Tops List for Downtown Rental Premium
Residents pay 92 percent more than the market average to live in the downtown core, with apartment demand driven a large student population and robust job growth.
Trammell Crow Starts Work on Texas Apartments
The developer’s residential arm, together with Principal Real Estate Investors, has broken ground on the final phase of Crestview Commons in the North Central submarket of Austin.
Top Multifamily Completions in Austin
Developers delivered more than 7,800 units to the city’s housing stock in the 12 months ending in May, with the bulk designed for the upscale Lifestyle segment, according to Yardi Matrix.
Austin Multifamily Report – Spring 2019
Rents increased by 4.5 percent year-over-year through February, despite robust deliveries throughout 2018, when nearly 11,000 units came online.