August 13, 2019
The 54-unit Whispering Oaks in Lockhart, TX sold to Seay Group LLC, a local multifamily investment company. JLL’s Richard Mireles, Moses Siller and Zar Hero led the marketing and sales efforts for the apartment complex, on behalf of the seller, Barker Investments.
Whispering Oaks, at 1320 Wilson St., is approximately 30 miles southeast of Austin. Said Mireles: “Value-add opportunities like Whispering Oaks are seeing great interest from prospective buyers and investors.” Lockhart’s Economic Development Corp. is anticipating the addition of 10,000 more residents through relocation or birth over the next five years.
The apartment complex delivered in the mid-1980s, and offers one- and two-bedroom units, measuring between 639 and 853 square feet. Amenities include a playground, laundry room and handicap-modified units.
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