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Austin Multifamily Asset Acquired by Disrupt Equity
Disrupt Equity bought the 369-unit Array Apartments and will immediately kick off a renovation program. The previous owners of the 1973-era development recently renovated 100 units and the new owners will renovate another 200 of the units to cater to high-tech professionals who work nearby, as well as to capture additional rent premiums. Oracle’s 27-acre corporate headquarters, which includes over 6,000 workers, is a five minute drive. Austin Energy and Tokyo Electron are in close proximity as well.
The property amenities include two pools, a fitness center, two dog parks with dog wash, sport court and picnic areas.
The median home price for the area has gone up by 29% over the past year, forcing more to look for rental units. The multifamily community occupancy for the market is 95%. A Disrupt Equity management firm will manage the property.
- ◦Sale/Acquisition
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Jameson St Apartments
Weatherford, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $5,160,000 No. of Units: 60 Average Occupancy: 98 Year Built: 1973 Building Size: 44700 Sq ft Lot Size: 4.05 Acres No. of Stories: 2 APN: R000047582 No. of Parking Spots: 100 Opportunity Zone: No Price per unit: $86,000 
3801 E MORELAND DR
WESLACO, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Call for offers Price: $7,500,000 No. of Units: 78 Year Built: 2005 Lot Size: 77325 Acres Opportunity Zone: No Price per unit: $96,153
