AUSTIN - Local apartment developer Embrey Partners Ltd. has sold a 316-unit Austin apartment complex it built to a fellow San Antonio developer—Internacional Realty.
Internacional closed on the Estates at Bee Cave complex—located at 3544 S. Ranch Rd. to the west of downtown—last month.
The Austin property has an appraisal value of more than $51 million. The construction value of the complex alone was estimated at $40 million in 2015, according to TDLR.
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