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Richard Campo Of Camden Property Trust Acquires MultiFamily Asset In Leander For $67.7M

Property Image
SOLD
$67,700,000

Texas

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MultiFamily
Sold 03/18/2025
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Property Image
SOLD

Richard Campo Of Camden Property Trust Acquires MultiFamily Asset In Leander For $67.7M

1101 Halsey Drive

See Similar Deals
MultiFamily
Sold 03/18/2025
the dealdetailscomps

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in the transaction is a MultiFamily property located at 1101 Halsey Drive in the Leander market. The property sold for $67,700,000.00 and comprises a total of 352 units.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $67,700,000.00
  • Buyer: Richard Campo - Camden Property Trust
  • Seller: Taylor Stone - CESM Real Estate
  • Units: 352
  • Sale Date: 03/18/2025

Richard Campo represents Camden Property Trust in this transaction as the buyer, while Taylor Stone represents CESM Real Estate as the seller. The transaction reflects the engagement of well-established entities in the real estate sector.

Players

CT
Camden Property Trust
BUYER

Details

SOLD
IMAGE: Richard Campo DATE: 03/18/2025 ADDRESS: 1101 Halsey Drive MARKET: Leander ASSET TYPE: Multifamily ~ UNITS: 352 BUYER: Richard Campo - Camden Property Trust (@CamdenLiving) SELLER: Taylor Stone - CESM Real Estate SALE PRICE: $67,700,000 UNITS: 352 ~ PPU: $192,330 NOTE: Camden Property Trust acquired the 352-unit Emerson at Leander apartments in Austin's Leander suburb for $67.7 million, or $192,330 per unit, from CESM Real Estate. The newly renamed Camden Leander is 85% leased, with Camden expecting a 5% stabilized yield after purchasing at a 15% discount to replacement cost amid Austin's oversupply of apartments.

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