"This purchase represents a continuation of CWS' strategy togrow our portfolio of luxury apartment homes in high-growth areas,"says Gary Carmell, CWS Capital's chief investment officer and oneof four founders of the 31-year-old real estate corporation.

A CWS Capital Partners spokeswoman told GlobeSt.com that the269,133-sf complex has been purchased from Barton Creek Associates.It is one of 21 in the company's luxury multifamily portfolio. CWSowns eight complexes in Dallas, three in San Antonio, four inCharlotte, NC, one each in Durham, NC, and Sacramento and two inDenver. The Austin holdings are Edge Creek, the Marquis at LaderaVista, the Marquis at Walker's Bluff and the Marquis at CaprockCanyon.

The Barton Creek property is 98% occupied, says MelanieGriffith, who is based at CWS' regional office in Austin. The250-unit complex, the former Estancia Apartments, is situated on 25fully developed acres near the intersection of Barton Creek Rd. andSouth Loop 360. Units range in size from 775 sf to 1,630 sf andfeature upscale amenities such as crown moldings, French doors,gourmet kitchens and fireplaces.