AUSTIN, TX – HFF announced that it has closed the sale of AMLI at Lantana Ridge (top left photo) a 354-unit, Class A multi-housing community in southwest Austin, Texas.
HFF marketed the property exclusively on behalf of the seller, AMLI Residential Properties Trust. A partnership between Falcon Southwest and Clarion Partners purchased the asset on an all cash basis for an undisclosed amount.
AMLI at Lantana Ridge is situated on more than 53 acres at 6636 West William Cannon Drive in close proximity to Southwest Parkway, State Highway 71, and major employers Advanced Micro Devices and Freescale Semiconductor. The 97.5 percent leased property has one-, two- and three-bedroom units averaging 881 square feet each.
HFF’s investment sales team representing the seller was led by senior managing director Sean Sorrell.(lower right photo)
AMLI is one of the preeminent multifamily companies in the nation. The company is focused on the development, acquisition and management of luxury apartment communities.
Falcon Southwest is a dynamic, entrepreneurial real estate investment firm dedicated to earning high, risk-adjusted returns through value-added acquisition and repositioning opportunities.
Contacts:
SEAN SORRELL KRISTEN MURPHY
HFF Senior Managing Director HFF Associate Director, Marketing
(512) 532-1900 (713) 852-3500
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