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Waterton Lands 3-Property, 950-Unit MF Portfolio
Chicago-based Waterton acquired a three-property multifamily portfolio totaling 950 units in Austin. The acquisition marks a reentry into the Austin real estate market for Waterton, having sold its last local asset in March 2015.
Waterton’s David Schwartz says, “These are high-quality assets in prime locations, just north of the Domain and within North Austin’s tech corridor. The three properties will undoubtedly be strong additions to our growing portfolio in Texas and nationwide.”
Built in 1995, 1996 and 1997 respectively, the properties, formerly owned by Newton, MA-based Northland Investment Corporation, are located roughly 14 miles north of Austin’s CBD and include:
– Madison at Stone Creek (6800 McNeil Dr.): 390 units across 19 three-story garden-style residential buildings
– Madison at Wells Branch (3201 Century Park Blvd., pictured): 300 units across 15 two- and three-story garden-style residential buildings
– Madison at Scofield Farms (13401 Metric Blvd.): 260 units across 13 two- and three-story garden-style residential buildings
It’s time to register for this year’s Connect Texas Multifamily Conference on Aug. 15! For information and to register, click here.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

