December 2, 2019
Rastegar Property Co. continued its value-add buying spree in Austin with its acquisition of the 50-unit Highland Heights apartment complex in the north central neighborhood of St. Johns. The new owner, which acquired the asset from local private buyer 803 Tirado LLC, is planning a full renovation and to increase the property management efficiency.
Highland Heights is situated on just over an acre of land at 803 Tirado St. The property delivered in the early 1960s, and offers one and two-bedroom floorplans, with amenities including a courtyard, recycling and laundry facilities.
“Austin is an incredibly vibrant and youthful city, and St. Johns is home to much of the music industry and higher education that form the city’s unique fabric,” said Ari Rastegar of Rastegar Property. “Overall, it’s a great option for residents seeking the authentic, eclectic vibe Austin is known for.”
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