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Buyer Boosts Corpus Portfolio

CORPUS CHRISTI, TX-Less than a month after closing on its first local transaction, Mount Auburn Capital Group acquires the 348-unit Stoneleigh Apartments of Corpus Christi from a Dallas-based seller.

By Amy Wolff Sorter | Updated on May 08, 2013

CORPUS CHRISTI, TX-Making its second buy in the city in less than two months, Mount Auburn Capital Group LLC has snagged the 348-unit Stoneleigh Apartments of Corpus Christi from the Dallas-area based seller and developer. The transaction follows on the heels of Mount Auburn’s buy of the local 200-unit Gulf Breeze Apartments and the 200-unit Walnut Ridge Apartments in Bastrop, TX.

Stoneleigh Apartments is at 5750 Curtis Clark Dr., and was built in three phases by Seneca Southwest LLC between 2005-2008. The asset was 94% leased at closing. KeyBank provided financing.

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