Black Salmon Capital Acquires MultiFamily Property In Austin From Undisclosed Seller

The property involved in the transaction is Arboretum Oaks, a 252-unit apartment community located at 9617 Great Hills TRL, Austin, TX, 78759. The asset type is MultiFamily and it features one- and two-bedroom units along with amenities such as a pool, fitness center, pet park, business center, clubroom, laundry facilities, and a package handling system.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Undisclosed
• Address: 9617 Great Hills TRL, Austin, TX, 78759
• Market: Austin
• Seller: Undisclosed
• Buyer: Black Salmon Capital
• Seller's Representatives: Matt Pohl-Walker & Dunlop, Spencer Roy-Walker & Dunlop

The acquisition was made by San Antonio-based investment firm Embrey in partnership with Black Salmon Capital. The financing for the deal was arranged by Patrick Short and Tom Toland, also with Walker & Dunlop, through global investment management firm Heitman LLC. The new ownership plans to implement a value-add program.