Affordable Options Come to Workforce Renters’ Rescue

Hillside Creek Apartments is a 268-unit complex located at 1730 E. Oltorf St. near downtown Austin.

AUSTIN, TX—CONTI Organization recently expanded its Texas footprint with the acquisition of Hillside Creek Apartments, a 268-unit complex located at 1730 E. Oltorf St., less than three miles from downtown. This is the firm’s first acquisition in the Austin market and increases its total current ownership in Texas to 30 properties and more than 8,600 units.

“Hillside Creek is an outstanding addition to our portfolio as it offers great value-add potential and is within a short drive of major employers including Oracle, Google, Facebook and Cirrus Logic, and the state capitol. With a price point significantly below new urban construction in a gentrifying part of the city, Hillside Creek offers a more affordable option to renters who need workforce housing close to employment,” said Stewart Hsu, co-founder and president of the CONTI Organization.