Gables has acquired the two-year-old project from Trammell Crow Residential. Gables says it will not disclose financial details of the transaction, but has announced a renaming to Gables Barton Creek.
The transaction is the latest in a series of multi-family purchases in Austin's red-hot multi-family sector, which has experienced recent buyouts by industry heavyweights such as AMLI and Lend Lease.
"From its infill location to its townhome quality and above-average growth prospects, Gables Barton Creek fits all of the elements of our investment strategy," Steve Sweet, Gables vice president/development and acquisition told GlobeSt.com.
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