AUSTIN, TX—Perched atop a hill overlooking the city, the Hanover South Lamar apartments are nestled in the southern part of the city, in one of its most thriving locations, the Zilker neighborhood. The luxury urban-infill multifamily community was built in 2015 in part of the rapidly gentrifying South Lamar (SoLa) area. In this exclusive , GlobeSt.com learns that ARA Newmark has the listing for this class-A 340-unit asset just one mile from the CBD. ARA expects interest from across the country by institutional and private investors seeking yield in one of the hottest non-gateway markets due to the lower cap rates in urban Austin. Pat Jones , executive managing director, ARA Newmark, tells GlobeSt.com: “Due to the scarcity of land in and around the CBD, a unique urban infill site like this and rising construction costs, it would be hard to replace for less than $300,000 per unit.” Less than a mile from Lady Bird Lake and downtown Austin, Hanover South Lamar apartments have the most popular restaurants, bars, natural attractions and retail hot spots located along South Lamar and Barton Springs within walking distance. Residents can enjoy live music at the historic Broken Spoke or The Saxon Pub, hike through the nearby greenbelt, jog around Lady Bird Lake, or take a dip in Barton Springs. Hanover South Lamar's features such as gourmet kitchens, frameless cabinets, stainless steel appliances, and granite and quartz countertops come standard with every floor plan. Additional options include kitchen islands, separate showers and dual-sink vanities. In addition, the property provides a green living experience, from the manicured courtyards to the property architecture. A certified bronze level green building, Hanover South Lamar is beyond energy efficient, designed and built to achieve high performance in six key areas: site design, resource efficiency, water efficiency, indoor environmental quality, and building operation and maintenance. More than 550 solar panels cover the roof of the building, generating more than 200,000KWH per year, which is enough electricity to power approximately 25% of the clubhouse and common areas. The solar panels allow for an annual carbon offset of 134 tons of CO2, which is equivalent to 5,364 trees cleaning the air for one year. Other environmentally friendly initiatives include The Heritage Tree Grove with relocated oak and pecan trees, conveniently located electric car charging stations and bike storage rooms. Other amenities include a fitness center, swimming pool, fully furnished business center and on-site theater. Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more. AUSTIN, TX—Perched atop a hill overlooking the city, the Hanover South Lamar apartments are nestled in the southern part of the city, in one of its most thriving locations, the Zilker neighborhood. The luxury urban-infill multifamily community was built in 2015 in part of the rapidly gentrifying South Lamar (SoLa) area. In this exclusive , GlobeSt.com learns that ARA Newmark has the listing for this class-A 340-unit asset just one mile from the CBD. ARA expects interest from across the country by institutional and private investors seeking yield in one of the hottest non-gateway markets due to the lower cap rates in urban Austin. Pat Jones , executive managing director, ARA Newmark, tells GlobeSt.com: “Due to the scarcity of land in and around the CBD, a unique urban infill site like this and rising construction costs, it would be hard to replace for less than $300,000 per unit.” Less than a mile from Lady Bird Lake and downtown Austin, Hanover South Lamar apartments have the most popular restaurants, bars, natural attractions and retail hot spots located along South Lamar and Barton Springs within walking distance. Residents can enjoy live music at the historic Broken Spoke or The Saxon Pub, hike through the nearby greenbelt, jog around Lady Bird Lake, or take a dip in Barton Springs. Hanover South Lamar's features such as gourmet kitchens, frameless cabinets, stainless steel appliances, and granite and quartz countertops come standard with every floor plan. Additional options include kitchen islands, separate showers and dual-sink vanities. In addition, the property provides a green living experience, from the manicured courtyards to the property architecture. A certified bronze level green building, Hanover South Lamar is beyond energy efficient, designed and built to achieve high performance in six key areas: site design, resource efficiency, water efficiency, indoor environmental quality, and building operation and maintenance. More than 550 solar panels cover the roof of the building, generating more than 200,000KWH per year, which is enough electricity to power approximately 25% of the clubhouse and common areas. The solar panels allow for an annual carbon offset of 134 tons of CO2, which is equivalent to 5,364 trees cleaning the air for one year. Other environmentally friendly initiatives include The Heritage Tree Grove with relocated oak and pecan trees, conveniently located electric car charging stations and bike storage rooms. Other amenities include a fitness center, swimming pool, fully furnished business center and on-site theater. Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.