Wednesday, June 10, 2015

HFF closes sale of 59-unit multi-housing community in Austin, TX


SoCo I and II,  3504 and 3508 Alpine Circle, Austin, TX


Matt Pohl
 AUSTIN, TX – June 10, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of SoCo I and II, a 59-unit, boutique multi-housing community located in Austin, Texas.

HFF marketed the asset on behalf of Artesia.  EG Funds Management purchased the property for an undisclosed amount. 

SoCo I & II is located at 3504 and 3508 Alpine Circle between South Congress and South 1st Street in the South Austin submarket, which is one of the most highly sought after areas given its proximity to downtown Austin and St. Edwards University.  

Most recently renovated in 2014, the boutique community consists of a pair of two-story buildings situated on 1.35 acres and was 98 percent occupied at closing. 

The HFF investment sales team representing the seller was led by director Matt Pohl along with senior managing director Sean Sorrell and senior real estate analyst Ryan McBride.

“The sale of SoCo I & II highlights the international interest Austin now receives from a global investment standpoint. 

Sean Sorrell
"Historically, Austin has been a focal point of investors both locally and nationwide, but throughout the last couple of years we have seen international private equity come into the market seeking investment opportunities.  

"That is a big deal for Austin and provides insight into just how attractive the area has become from an investment standpoint,” said Pohl.


For a complete copy of the company’s news release, please contact:


Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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