AUSTIN, TX-Arc Capital Partners has acquired The Establishment, a 139-unit apartment community in the South Congress submarket of Austin. The company partnered with Cardinal Group Investments (CGI) to acquire the property on November 22.
Building upon its existing local presence, CGI will rebrand the property under its successful multifamily platform Mint Urban that brings contemporary, chic living experiences to urban areas across the United States.
Located at 3501 South 1st Street, the apartment property offers efficient one- and two-bedroom floor plans. Community amenities include a swimming pool, a barbecue and picnic area and communal courtyards.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
