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Bader Acquires 276-Unit Adair Onion Creek Multifamily In Austin From Steven DeFrancis

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SOLD

Texas

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MultiFamily24,780 SF
Sold 04/23/2026
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Property Image
SOLD

Bader Acquires 276-Unit Adair Onion Creek Multifamily In Austin From Steven DeFrancis

1900 Onion Creek Parkway

See Similar Deals
MultiFamily24,780 SF
Sold 04/23/2026
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:24,780 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 1900 Onion Creek Parkway in Austin. It encompasses 276 units within a total square footage of 24,780 and spans 14 acres. The asset was recently sold, and it is significant within the current market context of Austin, where multifamily investment activity is rebounding but remains below historical averages.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Buyer: Bader
  • Seller: Steven DeFrancis - Cortland
  • Financing: Mesa West Capital
  • Year Built: 2016
  • Market: Austin
  • Units: 276
  • Square Footage: 24,780
  • Acres: 14

Cortland sold the 276-unit community, known as Adair Onion Creek, as part of a deal connected to the firm’s earlier acquisition of Pure Multi-Family REIT in 2019 for $1.2 billion. The transaction reflects the ongoing trends observed in the multifamily housing sector within Austin.

Players

Steven DeFrancis
Cortland
Steven DeFrancis
15 deals$1.6B volume
SELLER

Details

SOLD
IMAGE: Steven DeFrancis DATE: 04/23/2026 ADDRESS: 1900 Onion Creek Parkway MARKET: Austin ASSET TYPE: Multifamily ~ SF: 24,780 ~ UNITS: 276 ~ ACRES: 14 BUYER: Bader SELLER: Steven DeFrancis - Cortland (@CortlandLiving) NOTE: Cortland sold the 276-unit Adair Onion Creek in Austin to Bader, with financing from Mesa West Capital, in a deal tied to the firm’s 2019 $1.2 billion acquisition of Pure Multi-Family REIT. The 2016-built, 24,780-square-foot community sits on 14 acres near I-35, as Austin multifamily investment activity rebounds but remains below historical averages.

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