JLL Closes Sale Of Upscale Active Adult Community Near Austin
JLL Capital Markets announced today that it has closed the sale of Northstar Georgetown, a 210-unit, upscale, low-rise active adult community in Georgetown, Texas. The sale price was not disclosed.
JLL marketed the property on behalf of the seller, Chalk Hill Ventures. A joint venture between Bain Capital Real Estate and Capitol Seniors Housing acquired the property. Completed in 2021, Northstar Georgetown is an age restricted (55+) community comprising of one- and two-bedroom units averaging 1,016 square feet.
Located on 11.51 acres at 2401 Westinghouse Rd., the community is positioned near Interstate 35 and State Highway 130. The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Directors Ryan McBride and Joe Dowdle, Director Zach Rigby and Senior Managing Director Sean Sorrell.
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.