Opportunity knocks on Woodmoor Apartments in Austin

AUSTIN – The 208-unit Woodmoor Apartments at 3505 S. Lamar Blvd. has been acquired by Resource Real Estate Opportunity REIT.

Woodmoor consists of 16 two-story buildings and approximately 152,000 of net rentable sf.

Woodmoor is expected to benefit from an extensive value-add strategy that includes deploying new capital to improve the property through enhancements to individual units and common areas, exterior painting and landscaping.

Austin has consistently been among America’s fastest growing cities and, according to the U.S. Census Bureau, has seen its population grow by 37 percent over the past decade. Austin continues to attract young, creative residents who generate significant economic growth by attracting high-paying employers in innovative industries.