Wildhorn Capital Buys 264-Unit Community
- Dec 09, 2020
After recently closing the sale of Steeplechase in Plano, Texas, Hamilton Zanze has sold the 264-unit Bradford Pointe in Austin, Texas, to Wildhorn Capital. The sale marks the ninth purchase in the state and fourth in the metro for the buyer.
Public records show CBRE originated $24.4 million in Freddie Mac acquisition financing. The debt is set to mature in 2030. Newmark Vice Chairman Patton Jones worked on behalf of the seller.
Bradford Pointe is located at 11701 Metric Blvd., less than 3 miles from The Domain, a 300-acre mixed-use project; some 4 miles from Apple’s new $1 billion campus; and 11 miles north of downtown Austin. Over the past three decades, North Austin has emerged as a major hub for tech companies such as IBM, Samsung, Dell and 3M, and has garnered the name “Silicon Hills”.
Completed in 1984 on 9 acres, Bradford Pointe comprises one- and two-bedroom apartments in 17 two- and three-story buildings. Common-area amenities include a tennis court, two pools and two spas. The property was 93 percent occupied at the time of sale.