ARA Turns Austin Apartment Complex

Mar 4, 2014
Globe St

Atlanta-based ARA has sold the Arbor at Tallwood, a 120-unit complex in Northwest Austin, that was 96% occupied at closing

Austin-based brokers, Matt Pohl and Andrew Shih, represented the seller, San Francisco-based Virtu Investments, in the transaction. The property was sold to Redwood Capital Group, Chicago

Constructed in 1972, The Arbor at Tallwood is a garden style apartment community comprised of one-, two-, and three-bedroom units. The community is situated on 5.75 acres and features recently upgraded units as well as a swimming pool and a dog park. It is minutes away from Austin’s premier retail outlets including the Arboretum, The Domain, Lakeline Mall, Gateway Shopping Center and Downtown Austin. The major employers in the area include IBM, Dell, Visa, St. David’s Hospital and the University of Texas

ARA is the largest privately held, fullservice investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multifamily properties

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