Monterra Capital Partners Acquires 124-Unit Multifamily Asset In Austin From Muskin Elam Group

The transaction involved a 124-unit multifamily apartment complex located at 7905 San Felipe Boulevard in Austin. The property, built in 1984, features one- and two-bedroom units along with various amenities. The acquisition aligns with plans for a value-add renovation.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 124
• Address: 7905 San Felipe Boulevard
• Market: Austin
• Buyer: Monterra Capital Partners
• Broker: Daniel Elam - Muskin | Elam Group

Muskin | Elam Group facilitated the sale, representing the interests of Monterra Capital Partners in this closed transaction. This deal showcases the ongoing investment interest in the Austin multifamily real estate market.