10/23/2008

San Antonio non-profit sells two Austin apartments

by
Hendricks & Partners has negotiated the sale of two Austin, Texas apartments containing 222 units -- The Princeton apartments and Stony Creek apartments.

Both properties were purchased by M3 Multifamily, LLC, a Santa Barbara, Calif.-based company, and sold by San Antonio Alternative Housing Corp. No. 4, a Texas non-profit organization.

The Princeton apartments were built in 1963 and remodeled in 2007. They contain 90 units and are located at 4411 Airport Blvd. The Stony Creek apartments contain 132 units and are located at 4911 Manchaca Road.

The deal was brokered on behalf of the seller by Ellen Muskin and George Deuillet, III, of Hendricks & Partners' Austin office.

Address: Princeton apartments at 4411 Airport Blvd., Austin, Texas
- Stony Creek apartments at 4911 Manchaca Road, Austin, Texas

Size: 222 units

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Filed Under: Multi-Family

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