From the archive, 2013. Rates, prices and market conditions described here are as they stood then. Treat the numbers as history, and the reasoning as the part that lasts.
The Austin Business Journal is reporting that a Investcorp of Bahrain has purchased a student apartment complex in southeast Austin from The Preiss Company of North Carolina which specializes in real estate investment in student housing.
The 846 units in the two complexes are valued at about $64 million according to the Austin Business Journal.
Investcorp has also purchased multi-family in Chicago and Las Vegas with a combined number of 3,000 units.
Filed under Market & Trends
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