Walnut and Sage mix in 900-unit Austin sale
AUSTIN – The 450-unit Villages of Sage Creek and the 460-unit Park at Walnut Creek — value-added properties located in North Austin — have been sold.
The assets were jointly marketed as the North Austin 2000’s Portfolio.
Constructed in the early 2000’s, Villages of Sage Creek and Park at Walnut Creek are Class A communities located in the Far North submarket.
The Villages of Sage Creek has 11 floor plans that range from 636-sf one-bedrooms to a 1,441-sf three-bedroom design, while the Park at Walnut Creek has 14 floor plans that range from a 696-sf one-bedroom to a 1,630-sf three-bedroom design.
Both communities are located in the Silicon Hills employment area, and the communities are minutes from retail and entertainment destinations Tech Ridge Center, The Domain and La Frontera.
ARA Newmark represented the seller, Dallas-based Whole Life Management Co. The buyer in both transactions was Montgomery, AL-based B&M Management Co.
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