Hillside Creek Apartments is a 268-unit complex located at 1730 E.Oltorf St. near downtown Austin.
AUSTIN, TX—CONTI Organization recently expanded its Texasfootprint with the acquisition of Hillside Creek Apartments, a268-unit complex located at 1730 E. Oltorf St., less than threemiles from downtown. This is the firm's first acquisition in theAustin market and increases its total current ownership in Texas to30 properties and more than 8,600 units.
"Hillside Creek is an outstanding addition to our portfolio asit offers great value-add potential and is within a short drive ofmajor employers including Oracle, Google, Facebook and CirrusLogic, and the state capitol. With a price point significantlybelow new urban construction in a gentrifying part of the city,Hillside Creek offers a more affordable option to renters who needworkforce housing close to employment," said Stewart Hsu,co-founder and president of the CONTI Organization.
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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.
