Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Rastegar Picks Up North Austin MF Complex
Rastegar Property Company acquired the 30-unit Lamar Oaks at 709 Lamar Pl. in North Austin. The locally-based owner-developer plans to fully renovate the 51-year-old multifamily complex and upgrade amenities to attract the influx of young professionals moving to Austin.
“Lamar Oaks is another well-situated complex that will provide best-in-class living standards,” said Ari Rastegar, founder and CEO of Rastegar Property Company. “Just five minutes away from the intersection of I-35 and 290 HWY, residents of Lamar Oaks will live in a highly walkable location that features some of the best restaurants in the city, an elementary school, Austin Community College and other attractions that make Austin one of the most sought-after cities in the country.”
Among the amenity upgrades, Rastegar will specifically address wellness concerns brought on by COVID-19, including outdoor access to units, greater air circulation and social distancing measures in common areas.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
