Rastegar Broadens Austin Footprint with Romeria Place Buy

Rastegar Property continued broadening its presence in the Austin metro, acquiring Romeria Place, a 36-unit multifamily property at 902 Romeria Dr. Private sellers Jefery and Robin Walton of Austin sold the complex, which is located between North Lamar Boulevard and Grover Avenue in Austin’s Brentwood neighborhood.

Rastegar plans to fully renovate the property by adding new flooring and tiles, cabinets, countertops, stainless steel appliances, windows and landscaping. Also planned are new siding and covered parking.

“North Central Austin is one of the city’s fastest-growing areas and home to Austin’s ‘Tech Corridor’, which includes Amazon, Indeed, Facebook and Homeaway, to name a few,” said Jim Young with NKF. “Romeria also offers access to some of Austin’s finest retail and entertainment venues, making it ideal for the exploding population of young professionals.”

For comments, questions or concerns, please contact Amy Sorter