June 14, 2019
Multifamily investor Hamilton Zanze ended its hold on the 184-unit Enclave at Water’s Edge, selling the north Austin apartment complex to LEDIC Realty Co. The Memphis-based buyer acquired the apartment complex, situated near Austin’s massive mixed-use Domain development, for a value-add play.
Patton Jones with NKF represented the San Francisco seller in the transaction. “The value-add opportunity available as a result of the renovation potential of Enclave at Water’s Edge, coupled with the property’s fantastic location minutes from The Domain, garnered significant investor interest,” Jones said.
Enclave at Water’s Edge is situated on 6.6 acres at 12330 Metric Blvd. The property offers studios, and one- and two-bedroom units. Amenities include three resort-style swimming pools, a barbecue and picnic area, laundry facilities, fitness center, a new fire pit and 24-hour fitness center.
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