Jan 27, 2015
East Coast buyer snags Austin’s Elan East
AUSTIN - Elan East, a 251-unit apartment complex at 2900 Manor Rd., has been sold. The Class A community was 95 percent leased at the time of sale. It was...
AUSTIN – Elan East, a 251-unit apartment complex at 2900 Manor Rd., has been sold.
The Class A community was 95 percent leased at the time of sale. It was built in 2014 and offers one- and two-bedroom units ranging from 505 sf to 1,356 sf.
Elan East is an urban, garden-style community with amenities including include a pool with outdoor lounge area and full kitchen with grilling stations/prep space, a gym, business center and club lounge.
South Carolina-based Greystar and Washington, D.C.-based The Carlyle Group sold Elan East to a Boston-based institutional buyer.
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