California investor acquires Pflugerville apartment complex

Jan 16, 2014
Austin Business Journal

MIG Real Estate in Newport Beach, Calif. has purchased the Adagio Swenson Farms apartment complex at 413 Swenson Farms Blvd. in Pflugerville


The 336-unit community is the company’s third investment in Austin


Previously MIG purchased The Cottages at 8515 S. 1-35 and Barton Oaks Plaza at 901 S. MoPac Expressway


According to the Travis Central Appraisal District, the previous owner of Adagio Swenson Farms was Bell Swenson Farms LLC of Beverly Hills, Calif.


Pat Jones of ARA Real Estate Investment Services represented the seller. MIG represented itself. Alliance Residential, based in Phoenix, will handle the property management


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