The property asset involved in this transaction is a multifamily unit located at 19365 Wilke Lane, Pflugerville. This 334-unit property was acquired for a total consideration of $77,150,000, resulting in a price per unit of $230,988. The transaction was part of Decron Properties' strategic entry into the Austin market, specifically targeting growing and affordable markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $77,150,000
• Units: 334
• Price Per Unit: $230,988
• Buyer: David Nagel - Decron Properties
• Market: Pflugerville

David Nagel represented Decron Properties in this acquisition, marking the company's first investment in the Austin area. This move aligns with Decron Properties' strategy to expand its portfolio in emerging markets, following their recent successes in other regions such as Phoenix.