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.
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