Austin
Presidium, Partners Group Close $210M Recap
The two companies signed a $210 million recapitalization deal for a portfolio comprising eight assets, one of which is under construction.
Top 10 Austin Apartment Owners
The city’s economic, demographic and social trends have a magnetic effect on developers and investors alike. Even though investment activity has softened compared to last year’s cycle high, some $961 million in multifamily assets traded as of October.
Campus Advantage Appoints New CLO
In his new role, Dan Oltersdorf will oversee curriculum developments, while also establishing and implementing a variety of training approaches. The company also established a new Learning and Development department.
Eastside Station Changes Hands in Off-Market Deal
Atlanta-based Pollack Shores bought a new 330-unit community in East Austin. The partially affordable development is conveniently located within walking distance of the medical district as well as Google and Facebook’s new downtown offices.
Belmont Village Senior Living Tops Out on Lakeway Community
White Construction Co. completed the concrete structure for Belmont Village Lakeway community in early September. The property is slated for completion in the summer of 2018.
Thrive Acquires 2 Senior Housing Properties, Launches Sister Firm
The acquisition expanded the company’s senior housing portfolio to four assets, which drove the firm to launch a new division—TFP Senior Living—headed by Anthony Fulco.
Peak Campus Selected to Manage Texas Student Housing
The 348-bed, 183-unit community is currently under construction in San Marcos. Upon completion, slated for fall 2018, the property will serve Texas State University.
Capstone Expands Texas Portfolio With 4 Communities
Capstone Real Estate Services was awarded management of Sansom Park, Riverwalk, Hays Junction II and St. Paul’s Square Senior. The properties total more than 450 units.
IPA Intermediates Sale of Austin-Area Community
Vantage at Georgetown is a 288-unit community strategically located north of Austin in Georgetown, Texas. The property was acquired by Pensam Residential.