Gerard H. Sweeney Of Brandywine Realty Trust Sells Solaris Multifamily Tower In Austin For $136M

The asset involved in this transaction is a 341-unit multifamily tower named Solaris, located at 11501 ½ Burnet Road in Austin, TX. The property spans 4.2 acres and has a total square footage of 370,839. It was sold by Brandywine Realty Trust for $136 million, translating to a per-unit price of $398,827 and a price per square foot of $367. The property opened in 2024 and was reported to be 90.3% occupied at the time of sale.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $136,000,000
• Seller: Gerard H. Sweeney - Brandywine Realty Trust
• Units: 341
• Square Feet: 370,839
• Price Per Unit: $398,827
• Price Per Square Foot: $367

The seller, Gerard H. Sweeney, represents Brandywine Realty Trust in this transaction. The buyer's identity has not been disclosed. This transaction took place on September 30, 2026.