JLL Secures $55M Austin Apartment Refi

A joint venture made up of Battery Global Advisors, Housing Authority of Austin, River City Capital Partners and LDG Development obtained a $55 million refinancing from Goldman Sachs on Urban East, a newly constructed 381-unit Class-A multifamily community in Austin. A JLL Capital Markets team of Kyle Spencer and Dan Kearns secured the floating rate loan. Spencer added, “This transaction not only highlights the strong investor confidence in Austin’s multifamily market but also underscores the resilience of the market despite the significant increase in new units.”

Urban East is a newly constructed apartment community that offers a mix of studios, one-, two- and three-bedroom units. Each unit features a balcony with amenities that include a fitness center, a game room, a bowling alley, two pools, a rooftop lounge and electric charging stations. 

Located at 6400 E Riverside Dr., Urban East offers access to Downtown Austin, the University of Texas and the Austin-Bergstrom International Airport.