Austin Jobs Roar to Top 10, Attracting Investors

Redbud Bungalows at 1430 Redbud Cove consist of 15 townhomes and 19,000 rentable square feet.

AUSTIN, TX—Austin’s significant population and job growth will continue, which presents a unique investment opportunity in the metro. Seizing on that opportunity, Rastegar Property recently acquired two Austin-area multifamily complexes totaling 38 residential units and more than 33,000 square feet with value-add potential.

“As an Austin-headquartered real estate company, we are acutely aware of the current real estate investment opportunity stemming from explosive economic and population growth as more prominent employers make this city their corporate home. The city of Austin is undergoing sustained population, employment and rent growth, and Rastegar looks to capitalize on this opportunistic environment by identifying and acquiring small and large multifamily properties that we can add value to,” said Ari Rastegar, CEO of Rastegar Property.