SOLD
Sherman Residential Acquires Water Oak Luxury Multifamily In Austin From JCI Residential
12234 Heatherley Drive
MultiFamily
Sold 139 days ago
Summary
Sale
TEXAS
MultiFamily
Chicago-based Sherman Residential has acquired Water Oak, a 292-unit luxury multifamily property located at 12234 Heatherley Drive in Austin, Texas. The transaction took place on December 13, 2023. Water Oak is strategically located near downtown Austin along the I-35 corridor, offering a "luxury on a budget" experience. The property is in close proximity to major employment and entertainment destinations, making it an attractive investment for Sherman Residential.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not Specified
- Units: 292
- Address: 12234 Heatherley Drive, Austin, Texas
- Market: Austin
In this deal, Sherman Residential was represented by David Sherman from their own agency. JCI Residential, the seller, was represented by Sam Kumar. The transaction was facilitated by brokers Andrew Dickson and Patton Jones from Newmark.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: David Sherman, Sam Kumar, Andrew Dickson & Patton Jones
DATE: 12/13/2023
ADDRESS: 12234 Heatherley Drive
MARKET: Austin
ASSET TYPE: Multifamily ~ UNITS: 292
BUYER: Sherman Residential - David Sherman
SELLER: JCI Residential - Sam Kumar
BROKERS: Andrew Dickson & Patton Jones - Newmark (@Newmark)
NOTE: Chicago-based Sherman Residential has acquired Water Oak, a 292-unit luxury multifamily property near downtown Austin, Texas, from JCI Residential. The "luxury on a budget" experience in South Austin along the I-35 corridor attracted Sherman Residential, strategically located near major employment and entertainment destinations.View on map
Loading...
Address12234 Heatherley Drive
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want