Duo sale: 270-Unit Elan and 290-unit ParmerDuo sale: 270-Unit Elan and 290-unit Parmerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=172122017-07-31T05:00:00Z2017-07-31T20:00:00Z

​​​​AUSTIN – Gamma Real Estate purchased an Austin apartment portfolio.​

The two Austin developments include:
  • the 270-unit Elan Apartment Homes on Research Blvd. near Hunters Chase Dr., in the Anderson Mill-Jollyville neighborhood; and, 
  • the 290-unit Parmer Place development on Dessau Rd. near East Parmer Ln., in an area known as Tech Ridge. 
The properties were acquired below replacement cost and have stable in-place cash flows.

Both are situated close to major employers. They were opened in 2007 and 2008, respectively.
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