Weidner Acquires 349-Unit Cedar Park Rental Asset

Weidner Apartment Homes purchased The Alden at Cedar Park, a 349-unit asset in Cedar Park, Texas. Starlight Investments sold the property. The community was 95 percent occupied. Cedar Park is NW of Austin.

Multihousing News reports that Berkeley Point Capital, a subsidiary of Newmark, issued a $47.3 million Fannie Mae acquisition loan. Newmark brokered the deal on behalf of the seller and arranged the loan for the buyer.

Starlight acquired the building in 2020, when Slate Real Estate Partners brought it online.

The Alden at Cedar Park is four stories high. The floor plans range between one- and two-bedroom layouts, averaging 899 square feet.

Community amenities include a swimming pool with shaded cabanas, a clubhouse featuring a resident lounge and bar, and a gym and outdoor areas comprising grilling stations.

Newmark’s Patton Jones and Andrew Dickson spearheaded negotiations on behalf of Starlight Investments. Mitch Clarfield and Alec Newman arranged the debt placement on behalf of Weidner.

What’s Fueling Texas Multifamily in 2025? Find August 28^th in Dallas. This is the last call to join leading experts as they break down the economic forces, investor trends, and regional shifts shaping Texas’ multifamily outlook at the discounted pricing! Get ahead of what’s coming, and position yourself to capitalize on it, at Connect Texas Multifamily. | www.ConnectTXMF2025.com | EVENT DATE: Thursday, August 28^th | VENUE: The Joule, Dallas