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Korman Communities Brings Flexible-Stay Living to Austin Market With Acquisition of Newly Built 226-Unit Apartment Community

AUSTIN, TX - Korman Communities, in partnership with Verde Capital, has completed the purchase of its first property in Austin, Texas. The brand new, 226-unit, Class AA property, AVE Austin, offers a unique flexible-stay living solution in North Austin, conveniently situated between Downtown Austin and The Domain. “This acquisition represents the first of what we anticipate will be many new ventures in this region,” says Bradley Korman, co-CEO of the Philadelphia-area-based Korman.

Korman Communities Enters the Austin Market with AVE Austin

Korman Communities Enters the Austin Market with AVE Austin
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Multifamily Investors Are Ending 2020 on a Brisk Buying Clip

Multifamily Investors Are Ending 2020 on a Brisk Buying Clip Tired of waiting for discounts, investors have come off the sideline to snap up assets in a year-end rush of deals. Apartment investors are in a hurry to make up for lost time. They are trading billions of dollars in apartment properties a pace of activity that’s double or even triple the volume of sales from the fall. Buyers and sellers have closed deals despite the coronavirus pandemic worsening in the U.S., with hundreds of thousands of new cases confirmed daily and the death toll now reaching more than 3,000 in a single day twice this week.

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