Calif. REIT snags Austin MontecitoCalif. REIT snags Austin Montecitohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=86692013-01-04T13:14:00Z2013-01-04T07:00:00Z

AUSTIN - The 268-unit Montecito apartment community at 3111 Parker Lane, southeast of downtown, has been sold for $19 million.

Built in 1984, the apartments were renovated in 2011 for about $1.8 million. At the time of closing on Dec. 31, the property was 96 percent occupied.
Steadfast Income REIT in Orange County, Calif., was the buyer.

Read more at the Austin Business Journal.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2013/01/california-reit-snags-austin-montecito.htmlRead more at {Source}

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