AUSTIN, TX-California-based Quez Capital Interests Inc. has acquired Rutland Place Apartments, a 294-unit multifamily property at 1711 Rutland Drive in North Austin. The real estate investment company obtained $7.7 million in senior loan from Houston-based Flagship Capital Partners Fund I LP to finance the acquisition of the apartment complex.
The previous owner of the building was not revealed. Quez Capital is also planning to use the funds to renovate the property. For the full story, go to Austin Business Journal .
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