Narrow Road Group Acquires 68-Unit Multifamily Asset In Austin From Firm Capital

South Congress Commons, a 68-unit multifamily asset located at 126 West Alpine Road in Austin, Texas, has been sold. The property spans across 1.98 acres and was acquired by Narrow Road Group. The transaction took place in the Austin market, marking a significant investment in the city's multifamily sector.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 68
• Acres: 1.98
• Address: 126 West Alpine Road
• Market: Austin

Leading the transaction on the buyer's side was Anthony Clarke from Narrow Road Group. The seller, Firm Capital, was represented by Eli Dadouch. Chase Easley, a broker from Newmark, facilitated the sale of South Congress Commons. Newmark's Anthony Tarter, who serves as Vice Chairman of the Debt, Equity & Structured Finance group, arranged the financing for the property. The involvement of these key individuals and companies highlights the collaborative effort in this multifamily transaction in Austin.

(NOTE: Newmark has announced the sale and financing of South Congress Commons, a 68-unit multifamily asset in Austin, Texas, acquired by Narrow Road Group. Newmark Director Chase Easley facilitated the sale, while Vice Chairman Anthony Tarter of Newmark's Debt, Equity & Structured Finance group arranged the financing for the property.)