The Robert E. Lee Apartments at 111 W. Travis St. has hit the market. The 100-year-old, 72-unit building—owned by Connecticut-based JHM Financial Group—has been listed for $4.35 million under a housing tax credit right of first refusal sale. The apartments are 85% occupied. The building was completed in 1923.

Weston Urban is under contract with a bid that includes $2.65 million and the assumption of $1.7 million in existing loans. A property-needs assessment conducted in November 2024 outlined repairs needed to HVAC systems, windows, neon signs, roofing, basement water seepage and other areas. Engineering firm J.Morales, Inc. estimated that a complete renovation of all common areas and apartments would cost about $4.3 million.

The Robert E. Lee building would fold into Weston Urban’s surrounding portfolio, which includes the new 300 Main apartment tower, Weston Centre, the Milam Building and the assemblage of land being prepped for a new minor league ballpark.