Oxford Enterprises Buys Austin Luxury Apartments

Institutional Property Advisors arranged the sale of the 300-unit multifamily asset in Pflugerville, Texas.
Oxford at Santa Clara. Image courtesy of Institutional Property Advisors

Multifamily investment firm Oxford Enterprises Inc. has acquired a new, luxury 300-unit community in the North Austin suburb of Pflugerville, Texas. Institutional Property Advisors brokered the sale of the asset, which has been rebranded as Oxford at Santa Clara. A team of Will Balthrope, Jordan Featherston, Drew Garza and Kent Myers represented the seller and procured the buyer.

Located at 1701 South Heatherwilde Blvd., the property was built by JCI Apartments last year and comprises 13 buildings of three stories on a 21.5-acre site. Oxford at Santa Clara is just east of Interstate 35, near Loop 1 (the MoPac Expressway). Amenities of the high-end property include a resort-style pool, fitness center, movie theater and detached garages. Apartments feature 9-foot ceilings with an average size of 800 square feet.

The community is within a 3-mile radius of 34,000 jobs at corporations including Dell, General Motors, Hewlett-Packard and Oracle. Apple broke ground last November on a $1 billion campus less than 5 miles away. Other highlights of the area include the University of Texas at Austin and retail options such as the Shops at Tech Ridge, Round Rock Crossing and the Stone Hill Town Center.

Earlier this year, Oxford Enterprises purchased a 224-unit community in Waller, near Houston, which it renamed as Oxford at The Ranch. The privately held firm specializes in Class A multifamily assets and shopping centers in the Lone Star State and elsewhere in the Southwestern U.S.