Placemakr Acquires 259-Unit Multifamily Community In Austin From Transwestern

The property involved in the sale is 3Waller, a newly constructed 259-micro-unit multifamily community in downtown Austin. The asset is located at 710 E. 3rd Street, offering prime walkability to various key areas in downtown Austin, major employers like Facebook/Meta and Google, and popular amenities such as Whole Foods and Target.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not provided
• Units: 259
• Market: Austin
• Buyer: Jason Fudin & Bao Vuong - Placemakr
• Seller: Larry Heard - Transwestern
• Brokers: Alex Fernandes, Nick Beardslee, Robert Arzola & Ryan McBride - JLL

JLL Capital Markets facilitated the sale of the property between the buyer, Placemakr, and the seller, Transwestern, with the assistance of brokers Alex Fernandes, Nick Beardslee, Robert Arzola, and Ryan McBride from JLL. The location of the community provides proximity to key areas like Rainey Street, East Austin, major employers, and upcoming projects like the Waller Creek redevelopment, enhancing its appeal within the Austin market.