Austin
On the Market: 5 Interesting Listings for the Week of 1/29
This week’s listings include a portfolio investment opportunity in Prince George’s County, Md., a new development in the Irvington neighborhood of Portland and an affordable housing community in Dallas.
Austin-Area Nursing Community Changes Hands
HFF negotiated the sale of Park Manor at Bee Cave, a 140 post-acute skilled nursing community located on the western outskirts of Austin.
Ziegler Closes $95M Financing for Austin Asset
The five-star, CMS-rated community encompasses 301 independent living units, assisted living suites and nursing beds, sponsored by the alumni association of the University of Texas.
Austin Luxury Condo Tower Tops Out
Fifth & West boasts 315-degree vistas, due to its unconventional triangular shape and location within the Capitol View Corridor. It is anticipated for delivery later this year.
Orion Acquires Austin Community
CBRE arranged a 10-year fixed rate loan through the Fannie Mae Green Financing program for the acquisition of the 199-unit property.
JV to Invest $550M in National Portfolio
Cortland Partners, Canada Pension Plan Investment Board and GIC plan to acquire and renovate 8,000 to 10,000 Class B multifamily units across the U.S.
Oden Hughes Breaks Ground on Luxury Community in Austin
The community, slated for completion in early 2019, will feature an on-site Community Work Studio, similar to the shared workspaces for lease throughout Austin.
JPI Closes Sale of 362-Unit Austin Property
The class A Sur 512 includes amenities such as picnic and grilling areas, Bluetooth-enabled locks and 616 parking spaces.
Capstone Grows TX Management Presence
The company adds another four properties with a total of 512 units to its portfolio.
Supply Catches Up With Demand in Austin
The Texas capital boasts a strong economic and population growth, maintaining a steady demand for multifamily, despite the temporary surge in supply.