Origin and F&B Capital Acquire Anatole at Westinghouse

Origin Investments and F&B Capital joined forces to acquire Anatole at Westinghouse, a 250-unit apartment complex in the Austin suburb of Georgetown, TX. The buy is the first direct equity one for Origin Investments’ Income Plus Fund.

Anatole at Westinghouse, sold by Nicholas Multifamily Development LLC of Lewisville, TX, came online in 2015. It is situated on 13 acres at 600 Westinghouse Blvd.

“Anatole at Westinghouse represented a great opportunity for us to partner with F&B Capital to acquire a newly-developed asset below replacement cost, while assuming the original HUD loan,” says Origin’s Marc Turner. “Further opportunity will be realized by putting in place a larger, more experienced and dedicated property management team to oversee daily operations of the asset.”

The complex offers one, two and three-bedroom units. Onsite amenities consist of a resort-style pool and cabana with grilling kitchen, a clubhouse and fitness center, a dog park and leasing/business center.

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