AUSTIN - Ohio-based real estate investment firm the Connor Group has acquired the Crescent apartment complex at 127 E. Riverside Drive, marking the third Austin-area complex it has purchased.
The purchase price for the complex — which is a five-story, 169-unit building that was completed in 2008 — was $33.5 million. The seller was Texas-based Crescent Apartments LLC.
“We love the SoCo submarket,” the Connor Group’s managing partner Larry Connor said. “When we decided to come to Austin, we had a few specific places where we wanted to be. And the South Congress area was right at the top of that list.”
Read more at the Austin American-Statesman.
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