CIM Group Sells District At SoCo Multifamily In Austin

The District at SoCo, a 215-unit apartment community located at 501 East Oltorf Street in Austin, was successfully sold in a transaction by CIM Group. This multifamily asset offers modern amenities and outdoor gathering spaces, providing residents with a comfortable living experience. The property's strategic location grants easy access to Austin's business districts and entertainment venues, making it an attractive choice for those seeking convenience and leisure.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 215
• Market: Austin
• Seller: Shaul Kuba - CIM Group

Shaul Kuba, representing the CIM Group, facilitated the sale of this vibrant apartment community in Austin's South Congress district. The focus on modern amenities and community spaces aligns with CIM Group's investment strategy, reflecting their commitment to creating enriching living environments for residents. The successful transaction of the District at SoCo demonstrates CIM Group's dedication to community-focused real estate investments in Austin's thriving market.