AUSTIN, TX-California-based Quez Capital Interests Inc. hasacquired Rutland Place Apartments, a 294-unit multifamily propertyat 1711 Rutland Drive in North Austin. The real estate investmentcompany obtained $7.7 million in senior loan from Houston-basedFlagship Capital Partners Fund I LP to finance the acquisition ofthe apartment complex.
The previous owner of the building was not revealed. QuezCapital is also planning to use the funds to renovate the property.For the full story, go to Austin Business Journal .
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