Colo. investor goes ‘Platinum’ with Austin apartment buy

AUSTIN – Platinum Southside, a 195-unit apartment complex in South Austin, has been sold to private equity firm FrontRange Capital Partners LLC.

Built in 2009, Platinum Southside is located off E. Stassney Lane, just east of I-35.

Platinum Southside offers one-, two- and three-bedroom units averaging 934 sf. Rent varies from $917 to $1,822, and the property was 95 percent occupied at the time of sale.

The property was bought from New York-based Clarion Partners. FrontRange Capital is based in Greenwood Village, Colo.