PFLUGERVILLE – Emerson Apartments, a 384-unit property, has been sold pre-stabilized upon completion.
Located at 1221 New Meister Ln., apartments range from 661 to 1,325 sf in one-, two-, and three-bedroom floorplans.
“This was a unique transaction, in which the . . . buyer put the property under contract during construction, while only being approximately 20 percent leased,” says Kevin Dufour, managing director of FourPoint Multifamily Investments.
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