July 23, 2020
Rastegar Property Company has acquired The Edge at SoCo, a 35-unit garden style multifamily complex in South Austin’s Buckingham Ridge neighborhood. With 94% of the property occupied, Rastegar plans to increase the already strong in-place cash flow by fully renovating the property and increasing efficiencies.
“We’ve found great value in these types of vintage, garden style multifamily complexes and will continue to be aggressive in purchasing them, completely renovating and amenitizing them, and offering best-in-class housing to the fast-growing number of Austin residents,” said Ari Rastegar, founder and CEO of Rastegar Property Company.
“This is the fourth transaction our team has sold to Rastegar and the third we have closed with them during the COVID pandemic,” said Forrest Bass at Walker & Dunlop. “Ari is a visionary and continues to make strategic real estate purchases that closely align with his long-term business plan.”
Pictured: Ari Rastegar.
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