Texas Housing Conservancy Acquires 64-Unit Multifamily Property From Zavala Capital Group In Austin

The property involved in this transaction is a 64-unit multifamily apartment complex located at 9010 Galewood Drive in the Austin market. The complex, known as Cielo at North Domain, was originally built in 1973 and consists of eight two-story buildings. Primarily featuring one-bedroom units averaging 600 square feet, approximately half of the units have been recently upgraded.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 64
• Buyer: Texas Housing Conservancy
• Seller: Zavala Capital Group
• Brokerage: NorthMarq

The transaction was facilitated by brokers Hayden Schnieders, Jordan Vaughn, Scott LaMontagne, and Will Collier from NorthMarq. Their involvement played a key role in connecting the seller, Zavala Capital Group, with the buyer, Texas Housing Conservancy, with the deal focusing on the multifamily asset comprised of upgraded and original units.