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Northstar is Langdon’s Third Multifamily Buy in 12 Months
Northstar Apartments, a 200-unit value-add multifamily property located at 12001 Metric Blvd. in Austin, TX, recently sold to Beverly Hills-based Langdon Street Capital for an undisclosed price. The property’s rare infill location is on the doorstep of The Domain, Austin’s second downtown, and minutes from Apple’s $1 billion campus currently under construction.
“This is our third multifamily acquisition in the past 12 months and we’re closing in on 600 units. We’ve already invested close to $100 million in Austin and we plan on continuing to build our portfolio in a market that we believe has exponential growth,” said Matt Steinberg, director of acquisitions of Langdon Street Capital.
Newmark’s Jim Young represented the seller, Houston-based privately held real estate investment firm Nitya Capital.
- ◦Sale/Acquisition
