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Waterton acquired a three-property residential portfolio totaling 950 units, marking its re-entry into the Austin real estate market, having sold its last local asset in March 2015.
Tyler comes to Propark Mobility after serving as chief revenue officer for OPTii Solutions, an Austin, TX-based hotel housekeeping optimization software company.
The lower cost of living in Texas compared to other major markets, along with increased employment opportunities, creates a magnet for Millennials looking to grow careers and balance work with quality of life.
Summit Hotel Properties has entered into a joint venture with GIC, Singapore's sovereign wealth fund, to acquire assets that align with the company's current investment strategy and criteria.
The Falconhead Apartments acquisition is part of SWBC Real Estate's value-add investment program, where SWBC plans to further upgrade the 248 rental units in the coming months.
Implementing Bractlet's technology at the portfolio-level allows Lionstone to make informed decisions that benefit its investors, conserve energy, and improve tenant comfort and productivity.
Two multifamily properties fit Rastegar's acquisition criteria of being located in high-growth regions with the potential to flourish following strategic renovations.
The fund has awarded the Texas State Affordable Housing Corporation and Enterprise Community Partners a $1.1 million follow-up grant to support the HEART Program on top of $1.4 million initially awarded.
Austin climbed to the second-largest rent spot at $1,422 after a $20 price growth from last month, indicating that it has become a popular hub among renters, according to a study by RentCafe.
The air emissions saved by eliminating 423,097 kilowatt hours is 226 metric tons of carbon dioxide, the equivalent of removing 43 cars driving 506,608 vehicle miles annually, planting 5,820 trees or 291 acres of forest.