Austin, Texas, November 16, 2015
Austin Capital Advisors added 294 units to the company’s multifamily portfolio with the acquisition of Villas Del Sol Apartments in the north Austin. Villas del Sol is the largest multifamily asset in ACA’s portfolio, and according to ACA Managing Director Jim Gatlin, fit the acquisition strategy ACA has employed in accumulating nearly 1,000 apartment units in Austin. “Villas Del Sol represented the profile in-line with our investment thesis to acquire assets with fragmented ownership and operational inefficiencies whereby we can enhance both the operations, and the physical asset itself which allows us to elevate rents more reflective of the market” said Gatlin. He added, ” VDS also gives us scale in a sub-market where we already owned and operate nearly 300 units, and possess intimate knowledge and real time data in that market.”
Austin Capital Advisors is a Private Equity Real Estate Investment Company, specializing in the acquisition and asset management of multifamily communities in Austin Texas. ACA and its affiliate, Austin Capital Property Managment manage nearly 1,00o units in Austin.
For more information please contact us at info@austincapitaladvisors.com
Villas Del Sol was acquired by ACA in November of 2015