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
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New York investor makes first Dallas property plays
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RockFarmer Properties buys two Lake Highlands apartment communities
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