ROUND ROCK, TX--ARA, A Newmark Company (ARA Newmark) has brokered the sale of Brushy Creek Village, a 112-unit apartment community located in Round Rock. The property was 100 percent occupied at the time of the sale.
ARA Newmark Austin executive managing director Andrew Shih and senior managing director James Young represented the seller, Steinmetz Family Trust, in the transaction. NGKF Capital Markets and ARA Newmark managing director Patrick Short arranged the property financing through Freddie Mac. The buyer for the property was a private investor, based out of San Diego, CA.
"This was the only multifamily asset the seller owned in the Austin market," Shih told GlobeSt.com. "They are planning on moving assets back closer to home in Southern California."
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