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Knighthead provided an affiliate of Barcelo Homes with a $25.25 million loan secured by a 178-unit micro studio apartment project located within walking distance to the new Roosevelt light rail.
Presidium at Revelstoke, a three-story 466,515-square-foot development, will be the first multifamily community in proximity to the Town Center that integrates SMART technology into units.
Austin remains the most expensive large Texas city in which to rent, with average rents of $1,437, and also recorded the largest month-over-month rent increase of 0.7%, translating to $10.