Pegasus Real Estate Acquires Multifamily Asset In Pflugerville With Fannie Mae Financing

A 350-unit value-add multifamily property located at 13838 The Lakes Boulevard in Pflugerville has been sold by Newmark for an undisclosed price. The asset was acquired by Pegasus Real Estate with Fannie Mae financing.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Units: 350
• Market: Pflugerville

Patton Jones and Andrew Dickson from Newmark represented the buyer, Pegasus Real Estate, in the transaction, while Colin Cross, also from Newmark, acted as the mortgage broker.