Sur 512

Sur 512

Austin, Texas

Type
Multi-Family Acquisition
Acquired
December 2017
Sold
Ongoing
Fund
CREA Partners I, CREA Partners II

Acquisition of a 2016-vintage multi-family project totaling 352 units located on South Congress Avenue, in close proximity to The Yard, a former 150,000 square foot warehouse turned mixed-use development with specialty food shops and restaurants, creative studio spaces and the St. Elmo Brewing Company. The property is well positioned to meet the steady demand for newly constructed multi-family housing in Austin resulting from continued population and employment growth.