Jul 10, 2018
Austin luxury multifamily asset sold for $48 million
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...
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.
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