SOLD
Cielo At Burnet Sold In North Austin For Value-Add Renovation Program
1814 Colony Creek Drive
MultiFamily
Sold 273 days ago
Summary
Sale
TEXAS
MultiFamily
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.
Players
Details
SOLD
IMAGE: Cameron Hart, John Romano, Daniel Elam & Lyles Carter
DATE: 08/08/2023
ADDRESS: 1814 Colony Creek Drive
MARKET: Austin
ASSET TYPE: Multifamily ~ UNITS: 48
BROKERS: Daniel Elam & Lyles Carter (@LylesCarter) - Muskin | Elam Group (@ElanGroupOfficial)
MORTGAGE BROKERS: Cameron Hart & John Romano - Berkadia (@Berkadia)
NOTE: Muskin | Elam Group brokered the sale of Cielo at Burnet, a 48-unit apartment complex in North Austin, from 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, with acquisition financing originated by Berkadia's Cameron Hart and John Romano.View on map
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Address1814 Colony Creek Drive
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