Gables has acquired the two-year-old project from Trammell CrowResidential. Gables says it will not disclose financial details ofthe transaction, but has announced a renaming to Gables BartonCreek.
The transaction is the latest in a series of multi-familypurchases in Austin's red-hot multi-family sector, which hasexperienced recent buyouts by industry heavyweights such as AMLIand Lend Lease.
"From its infill location to its townhome quality andabove-average growth prospects, Gables Barton Creek fits all of theelements of our investment strategy," Steve Sweet, Gables vicepresident/development and acquisition told GlobeSt.com.
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