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Langdon Street Snares Austin Apartments
JLL Capital Markets handled the sale of the 225-unit Broadstone Crossing Apartments at12430 Metric Blvd. in Austin. A JLL team led by senior managing director Sean Sorrell and senior directors Joe Dowdle and Ryan McBride worked on behalf of the seller to complete the sale to the buyer, Langdon Street Capital.
“This is our second multi-housing acquisition in six months and we’re closing in on 500 units,” said Matthew Steinberg, director of acquisitions at Langdon Street Capital. “We plan on continuing to build our portfolio in a market that we believe has exponential growth.”
Broadstone Crossing was built in 2006 and totals 225 units across 13 buildings. Prior ownership had renovated a portion of units’ interiors and made minor exterior improvements across the property. The property features a full suite of amenities including an on-site dog park, fitness center and pool.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
