Austin 5th Street Commons, Pressler to Intercontinental

AUSTIN – Capital One Multifamily Finance has provided Freddie Mac fixed loans totaling $42.8 million that allow Intercontinental Real Estate to acquire two apartment properties,

The two apartment are the 5th Street Commons at 1611 W. 5th St., and Pressler, located at 507 Pressler St.

5th Street Commons includes 150 one- and two-bedroom units, and Pressler offers 168 one-and two-bedroom units as well as studios. Both communities were built in 2009.

The properties share a number of upscale amenities, including a fitness center, e-lounge/business center, electric vehicle charging stations, concierge desk and pool and sun deck. Both properties are located close to Austin’s central business district.