The property involved in the transaction is Arboretum Oaks, a 252-unit apartment community located at 9617 Great Hills TRL, Austin, TX, 78759. The property, acquired by San Antonio-based investment firm Embrey in partnership with Black Salmon Capital, features one- and two-bedroom units and various amenities such as a pool, fitness center, pet park, business center, clubroom, laundry facilities, and a package handling system.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not specified
• Market: Austin
• Borrower's Rep: Patrick Short(Walker & Dunlop), Tom Toland(Walker & Dunlop)
• Borrower: Black Salmon Capital
• Lender: Heitman

Matt Pohl and Spencer Roy of Walker & Dunlop served as brokers for the sale of Arboretum Oaks. Additionally, Patrick Short and Tom Toland, also from Walker & Dunlop, were responsible for arranging the acquisition financing through Heitman LLC for the deal. The new ownership, consisting of Embrey and Black Salmon Capital, has a plan to implement a value-add program for the property.