AUSTIN - The 228-unit Promontory Point Apartments at 2250 Ridgepoint Dr. has been sold in Austin's Northeast submarket.
The garden-style apartment complex was constructed in 1983 and renovated in 2007. It consists of 48 studios, 120 one-bedroom units and 60 two-bedroom units.
The property received capital improvements in 2012 with major investments in exterior painting and modifications in the drainage and erosion system.
San Francisco-based Hamilton Zanze & Co. purchased the property from China-based Standard Portfolios Asset Management Co.
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