AUSTIN, TX-The Lighthouse Group, based out of California, has purchased a 300-unit vintage property at 2005 Willow Creed Drive in Austin. The company will upgrade the garden-style apartment complex, called the Bluffs at Town Lake. This is the third apartment purchase for The Lighthouse Group in the Austin area.
Atlanta-based ARA brokered the deal on behalf of The Lighthouse Group. Post Investment Group, the seller, was represented by Andrew Shih of ARA. The multifamily property was 92% occupied at closing. For the full story, go to Austin Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.