Enclave at Water's Edge, a 184-unit garden-style asset, is less than two miles from The Domain.
AUSTIN, TX—North Austin as a whole is referred to as Silicon Hills due to the density of high-tech employers setting up campuses in the surrounding areas of The Domain, a 300-acre mixed-use development that is becoming known as Austin's second urban core. It stands to reason that US News & World Report named Austin as the number one city in its 2019 Best Places to Live report for the third year in a row.
Above all, the need for housing is a given here, luring investors as well, hence the sale of Enclave at Water's Edge, a 184-unit garden-style asset. The community is less than two miles from The Domain.
Patton Jones, Newmark Knight Frank vice chairman, represented the seller, San Francisco-based Hamilton Zanze, a multifamily investment firm with a focus on value-add properties, in the trade to Memphis-based LEDIC Realty Company, an owner/operator of affordable and workforce housing. The property sold for an undisclosed price.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
