Austin luxury multifamily asset sold for $48 millionAustin luxury multifamily asset sold for $48 millionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=205782018-07-10T05:00:00Z2018-07-10T15:00:00Z

​​​​​AUSTIN – A subsidiary of San Antonio-based Casey Development Ltd. has sold the Tacara Steiner Ranch multifamily complex for $47.9 million.

The 246-unit community​​ at 4306 N. Quinlan Park Rd. traded for about $195,000 per unit. 

Tacara offers one-, two-, and three-bedroom units averaging 959 sf. The average monthly rent is $1,425. ​

The buyer was​​​ TH Real Estate, an affiliate of Nuveen Global Cities REIT. ​

Jones Lang Lasalle represented​​ the seller. ​

San Antonio Business Journal
Austin-Round Rock
https://www.bizjournals.com/sanantonio/news/2018/07/09/san-antonio-company-sells-luxury-apartment-complex.htmlRead more at {Source}

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