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Benjamin W. Schall Of AvalonBay Acquires 122-Unit Multifamily Property In Bee Cave From The NRP Group

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SOLD

Texas

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MultiFamily
Sold 11/14/2024
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Property Image
SOLD

Benjamin W. Schall Of AvalonBay Acquires 122-Unit Multifamily Property In Bee Cave From The NRP Group

4810 Brisa Way

See Similar Deals
MultiFamily
Sold 11/14/2024
the dealdetailscomps

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a multifamily asset known as Avalon Townhomes at Bee Cave, consisting of 122 townhome units with three- and four-bedroom configurations. It is located at 4810 Brisa Way in the Bee Cave market, specifically in Austin.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 4810 Brisa Way
  • Market: Bee Cave
  • Units: 122
  • Buyer: Benjamin W. Schall - AvalonBay
  • Seller: The NRP Group

This transaction marks the acquisition of Avalon Townhomes by AvalonBay, which is led by Benjamin W. Schall. Additionally, AvalonBay has commenced construction on a new project named Avalon Tech Ridge, a mixed-use development consisting of 444 units, located at 14100 John Henry Faulk Drive, with expected move-ins by early 2026.

Details

SOLD
IMAGE: Benjamin W. Schall DATE: 11/14/2024 ADDRESS: 4810 Brisa Way MARKET: Bee Cave ASSET TYPE: Multifamily ~ UNITS: 122 BUYER: Benjamin W. Schall - AvalonBay (@AvalonBayCommunities) SELLER: The NRP Group NOTE: AvalonBay purchased Avalon Townhomes at Bee Cave, a 122-unit townhome property with three- and four-bedroom units at 4810 Brisa Way in Austin, from The NRP Group. The company also began construction on its first Austin project, Avalon Tech Ridge, a 444-unit mixed apartment and townhome development at 14100 John Henry Faulk Drive, with move-ins expected by early 2026.

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