William MacDonald Acquires Multifamily Property In Austin From Mike Freno

The transaction involved the sale and financing of Alister Sunset Valley, a 290-unit multifamily property located at 6607 Brodie Lane in Austin, Texas. The property spans over 39 acres and was previously known as The Park on Brodie Lane. The deal was facilitated by Newmark, with Andrew Dickson and Patton Jones representing the seller, Barings Real Estate, while Matt Greer and Andrew Wilson secured financing for the buyer, Mill Creek Residential.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 290
• Acres: 39
• Address: 6607 Brodie Lane, Austin
• Market: Austin
• Buyer: William MacDonald - Mill Creek Residential
• Seller: Mike Freno - Barings Real Estate
• Brokers: Andrew Dickson & Patton Jones - Newmark
• Mortgage Brokers: Andrew Wilson & Matt Greer - Newmark

Newmark's involvement in the transaction highlights the strong investor interest in well-positioned multifamily assets within high barrier submarkets like Sunset Valley. The buyer, William MacDonald of Mill Creek Residential, and the seller, Mike Freno of Barings Real Estate, were represented by Andrew Dickson, Patton Jones, Matt Greer, and Andrew Wilson. This deal underscores the importance of experienced brokers and mortgage brokers in successfully closing real estate transactions.