July 2, 2020
NKF arranged the sale of Hillstone at Wolf Ranch, a 332-unit, 2018-built luxury multifamily community. The asset is located in Georgetown, part of the I-35 growth corridor just north of Austin.
Vice chairman Patton Jones represented the seller, Leon Capital Group, a Dallas-based investment group with a focus in real estate. The asset traded to Weinstein Properties, a Virginia-based multifamily-focused investment firm, for an undisclosed price. This transaction represents Weinstein Properties’ eighth Austina-area acquisition.
“North Austin and the surrounding area is one of the most active places in the city, fueled by Apple’s $1 billion expansion campus, Amazon’s newly announced facilities in Round Rock and Pflugerville, and the continued expansion of The Domain,” said Jones. “Hillstone at Wolf Ranch, located in growing Georgetown, is well-positioned to attract renters looking for luxury living at more affordable rates in a suburban environment, but close to all north Austin has to offer.”
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