Pflugerville 455 units ‘pfly’ to sold

​​​​​​AUSTIN - Castle Lanterra Properties (CLP) has acquired 1825 Apartments, a 455-unit community in Pflugerville.

The community, named for State Route 1825 that fronts the property, consists of 60 buildings that were built in two phases: The 351-unit 1825 Place was completed in 2001, and the 104-unit 1825 Cottages was originally constructed in 1986.

As Texas’ state capital, Austin ranks number one for net in-migration of the top 50 metropolitan areas in the U.S. In addition to being situated near the epicenter of the region’s growing tech sector, the property has high visibility, nearby retail, easy access to major highways, and is located in the highly desirable Pflugerville school district.

CLP entered the market in 2015 with the purchase of Stonegate, a 452-unit apartment community near downtown Austin, and earlier this year acquired Villas Tech Ridge, a 350-unit Class A apartment community located within the master planned development of Tech Ridge.

A sample of floor plans include

·    studio units with 690 sf; rent starting at $899;

·   one-bedroom, one-bath units with 775 sf; rent starting at $945;