Langdon Street Capital Acquires Property In Round Rock With Seller's Reps Drew Garza And Drew Kile

The transaction involved the sale of Parkwood Terrace, a 144-unit multifamily community located at 1201 E Old Settlers Blvd, Round Rock, Texas. The property, built in 2000, offers a mix of one-, two-, and three-bedroom units along with amenities including a pool, fitness center, business center, and resident clubhouse. The market for this property is Round Rock.

Summary of transaction details:

• Property Type: Multifamily Community
• Transaction Amount: Undisclosed
• Address: 1201 E Old Settlers BLVD, Round Rock, Texas
• Seller's Representative: Jordan Featherston, Will Balthrope, Drew Kile, Drew Garza, and Kent Myers - Institutional Property Advisors
• Buyer: Langdon Street Capital

The deal featured private investor James Pinheiro as the seller, with Institutional Property Advisors representing him during the transaction. Langdon Street Capital, an investment firm based in Los Angeles, acquired the asset as part of their portfolio strategy.