AUSTIN—HFF has closed the sale of SoCo I and II, a 59-unit, boutique multi-housing community located in Austin.
HFF marketed the asset on behalf of Artesia. EG Funds Management purchased the property for an undisclosed amount.
“SoCo brought about tremendous interest, locally, nationally and in this case, internationally,” HFF director Matt Pohl told GlobeSt.com. “I don't think it's any secret that Austin is a hot market, and when a deal as well located as SoCo comes to market, it creates a highly competitive bidding process. This asset was no different.”
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