Avesta Nabs 325-Unit Apartment

Apr 4, 2014
Globe St

The 325-unit Anderson Springs Apartments has sold to Tampa-based Avesta Communities. CrestMarc divested of the property for an undisclosed price


Initially built in two phases, in 1973 and 1974, CrestMarc purchased the property in foreclosure in 2011. The Dallas-based company, which specializes in multifamily property acquisition, rehabilitation and disposition, managed to reposition it to have strong occupancy and rent growth


Anderson Springs is being rebranded as Avesta Agave Falls


“We believe Avesta Agave Falls is positioned well to benefit from solid long-term rental demand, high employment, and population growth,” says Scott Doyle, Avesta’s managing director


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