NYC-Based Firm Teams Up Again with Austin-based Operator Wildhorn Capital to Acquire Enclave at Waters Edge Apartment Homes; Plans Additional Acquisitions.
New York-based RockFarmer Properties is expanding its
footprint in the Texas multifamily market.
The development and investment firm has partnered with
Wildhorn Capital, an Austin, TX-based multifamily operator to acquire SoNA
Apartment Homes, a 164-residence garden-style multifamily development. The sale
price was undisclosed.
The company joins a slew of investors zeroing in on Austin,
the fastest growing big metropolitan city in the country. According to most
recent U.S. Census Bureau figures, Austin’s population increased to an estimated
2,295,303 people as of last July, a three percent increase from the previous
year.
The population boom has attracted investors including One
RockFarmer Properties Enters Austin Market with Acquisition of 164-Unit Rental Property in apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.