AUSTIN--Presidium Group LLC, in partnership with St. Croix Capital Advisory Services Group (SCCASG), has acquired Hunterwood Apartments, a 160-unit Austin-area multifamily property.

“We are excited to grow our Austin portfolio with the purchase of Hunterwood,” Presidium co-chief executive officer Cross Moceri told GlobeSt.com. “Hunterwood is a continuation of our strategy to identify and acquire well-located assets with value-add potential.”

The property was built in 1983 and has been well maintained. Presidium plans to implement value-add upgrades that will primarily consist of aesthetic and finish improvements. Interior renovations will include the addition of granite counter tops, tile backsplash, faux-wood flooring, new doors and cabinet hardware, new plumbing and electrical fixtures, new appliances, and a new paint scheme. Exterior upgrades will include modernizing the leasing center, the addition of a fitness center, pool-area upgrades, landscaping additions, and a new exterior paint scheme.