Cielo At Burnet Sold In North Austin For Value-Add Renovation Program

The Muskin | Elam Group has brokered the sale of Cielo at Burnet, a 48-unit apartment complex located at 1814 Colony Creek Drive in North Austin. The property was sold by an undisclosed Georgia-based seller to an anonymous buyer. The buyer plans to implement a value-add program and rebrand the property as Colony Creek Apartments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: N/A
• Address: 1814 Colony Creek Drive
• Market: Austin
• Units: 48

The sale of Cielo at Burnet was facilitated by brokers Daniel Elam and Lyles Carter from the Muskin | Elam Group. They successfully closed the deal between the undisclosed seller and the anonymous buyer. Cielo at Burnet will now undergo a value-add program and be rebranded as Colony Creek Apartments.