Jun
28
Castle Lanterra Properties Acquires Third Community in Austin
ByThe company increased its portfolio with the addition of 455 units in Pflugerville.
1825 Apartments, Pflugerville
Austin, Texas—Castle Lanterra Properties (CLP) of New York has announced its third transaction in the Austin residential market. The company added 455 units with the acquisition of 1825 Apartments. The financial details of the deal were not disclosed.
“We are pleased to be expanding our presence in metropolitan Austin,” said CLP managing director, Austin Alexander, who recently relocated to the city to oversee the firm’s operations in the southern region. “The city continues to bring in a highly educated and upwardly mobile workforce attracted by both the high-quality lifestyle and economic opportunities the city has to offer. As a long term owner, we look forward to contributing to the continued growth of this market.”…
Castle Lanterra Properties Acquires Third Community in Austin
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