G. Nelson Crowe III And Blair Richardson Acquire 362-Unit Multifamily Complex In Austin For $45.8M

A multifamily garden-style apartment complex named Veranda, consisting of 362 units, was recently acquired in Austin. The property spans 12 acres and is located at 7205 East Ben White Boulevard. For tax purposes, it holds a market value of $45.8 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45.8 million
• Units: 362
• Acres: 12
• Buyer: G. Nelson Crowe III - Missio Capital; Blair Richardson - Bow River Capital
• Seller: Wayfinder Real Estate
• Broker: Newmark

G. Nelson Crowe III represents Missio Capital, while Blair Richardson represents Bow River Capital in this transaction. The buyers acquired the property from Wayfinder Real Estate with the assistance of Newmark as their broker in the deal.