GID acquires 340 units in Zilker submarketGID acquires 340 units in Zilker submarkethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=155232017-01-06T06:00:00Z2017-01-06T16:00:00Z

​​​AUSTIN – Boston-based General Investment & Development Cos. (GID) has acquired the 340-unit Hanover South Lamar apartment complex.

The seller, The Hanover Co., completed construction in late 2014 on the mid-rise community at 809 S. Lamar Blvd. in the Zilker multifamily submarket.​

The property was 95 percent occupied at the time of sale. Hanover South Lamar has one- and two-bedroom floor plans.

ARA Newmark handled the transaction on behalf of Hanover.​

CoStar Group
Austin-Round Rock
http://www.costar.com/News/Article/GID-Investment-Advisors-Buys-340-Unit-Mid-Rise-Near-Downtown-Austin/187851Read more at {Source}

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