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Rastegar Buys in South Austin’s Buckingham Ridge

Rastegar Property Company has acquired The Edge at SoCo, a 35-unit garden style multifamily complex in South Austin’s Buckingham Ridge neighborhood. With 94% of the property occupied, Rastegar plans to increase the already strong in-place cash flow by fully renovating the property and increasing efficiencies.

“We’ve found great value in these types of vintage, garden style multifamily complexes and will continue to be aggressive in purchasing them, completely renovating and amenitizing them, and offering best-in-class housing to the fast-growing number of Austin residents,” said Ari Rastegar, founder and CEO of Rastegar Property Company.

“This is the fourth transaction our team has sold to Rastegar and the third we have closed with them during the COVID pandemic,” said Forrest Bass at Walker & Dunlop. “Ari is a visionary and continues to make strategic real estate purchases that closely align with his long-term business plan.”

Pictured: Ari Rastegar.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition