Austin: Cascades Apartments tumble with $12M buyAustin: Cascades Apartments tumble with $12M buyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=58402013-11-01T14:55:00Z2013-11-01T06:48:00Z

AUSTIN - The Cascades Apartments, located on Algarita Ave. in the Travis Heights neighborhood of South Austin, has been acquired by FIRMUS Equity Partners. The 198-unit apartment community was purchased for $11.72 million.

Cascades Apartments was built in 1971 on 5.95 acres and is comprised of 15 two- and three-story buildings.

FIRMUS Equity Partners plans to renovate unit interiors and the property’s exterior, creating a modern vibe for the 70’s vintage community.

Online news
Austin-Round Rock
http://www.multihousingnews.com/news/todays-deals-johnson-capitals-dallas-office-arranges-11-72m-loan-for-property-acquisition/1004092764.htmlRead more at {Source}

 Search NewsTalk Texas