Zion Capital Closes on Five Austin Apartment Assets
Zion Capital recently completed the acquisition of five multifamily properties located throughout Austin. The five properties include Mueller Place I & II ($13.5 million), Villas at Mueller ($17 million) and Hyde Park Portfolio—Spanish Trails and Miller Square ($13.2 million).
86-unit Mueller Place I and 24-unit Mueller Place II were built two years apart, 1969 and 1971. They are situated in the Windsor Park neighborhood of Austin. The Villas at Mueller is a 124-unit project built in 1973. And the Hyde Park Portfolio included the 40-unit Spanish Trails and 51-unit Miller Square.
Northmarq’s Chase Johnson helped on the bridge loan, “Zion Capital is one of the most energetic and focused group of operators I’ve had the opportunity to work with. They continue to innovate and drive value to their projects.”
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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