Abelia and Nolina Flats
Austin, TX
January 2016
-
Property Type
Multifamily
-
Deal Type
Equity
-
Deal Size
732 units
- Joint venture acquisition of two multifamily properties located in northwestern Austin, TX
- Opportunity to add value via $8.3 million in capital upgrades for common areas, deferred maintenance, and interior renovations
- Estimated that the property will be held for at least five years to complete upgrades and maximize value
