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Allstate buys 441-unit Mosaic multifamilyAllstate buys 441-unit Mosaic multifamilyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=122012016-02-19T06:00:00Z2016-02-19T16:00:00Z

​​AUSTIN – ​​​​ The Allstate Corp., in association with CBRE Global Investors, purchased The Mosaic at Mueller.

The 441-unit luxury apartment community was built in 2008 at 4600 Mueller Rd. within the master-planned community on the former Robert Mueller Municipal Airport.

The development, which was 96 percent occupied at the time of sale, was most recently valued at $79.9 million by the Travis Central Appraisal District.

New York Life Insurance & Annuity Co., the previous owner, was represented by ARA Newmark. 

Austin Business Journal
Austin-Round Rock
Multifamily
http://www.bizjournals.com/austin/blog/real-estate/2016/02/real-estate-roundup-blockbuster-apartment-sale-in.html?iana=ind_creRead more at {Source}

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