Enclave Buy Marks RockFarmer’s Second Venture in Austin Multifamily Market

New York City-based RockFarmer Properties and Austin-based Wildhorn Capital recently acquired Enclave at Waters Edge. The 184-residence multifamily development located at 12330 Metric Blvd. in Austin was purchased for an undisclosed price.

This transaction marks RockFarmer Properties’ second venture into the Austin multifamily market and the fourth acquisition made by RockFarmer’s recently launched Opportunity Fund V. In July 2021, the company purchased SoNA Apartment Homes, a garden-style multifamily rental community in Austin. Envolve communities was the seller.

RockFarmer Properties plans additional acquisitions of value-add commercial and multifamily assets across the Dallas-Fort Worth, Austin and San Antonio markets. In the last six months, RockFarmer has acquired or sold more than $250 million in U.S. assets.

“With major tech companies opening or relocating offices in Austin, the city is experiencing meteoric growth. Austin’s ample opportunities for employment attract people from across the country. We are bullish on value-add multifamily developments located in cities experiencing continued growth like Austin,” said Brian Getzler, executive vice president and head of acquisitions at RockFarmer Properties.

Newmark represented the buyer and the seller in this transaction. The firm also helped secure financing for the acquisition on RockFarmer’s behalf.