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Pintar Makes Austin Debut with Multifamily Deal

Fund manager Pintar Investment Company, which has a niche focus on the single-family rental asset class, recently acquired Arise Riverside, a 276-unit apartment community in Austin, for $58 million. San Juan Capistrano, CA-based Pintar acquired the property, currently under development by Alliance Residential, as part of its Opportunity Zone Fund and is the third asset in this vehicle.

“We’ve been searching for opportunities in the Austin marketplace for the past 12 months,” said Pintar CEO Jeff Pintar. “This project was the first that met all our criteria, which include being located in an Opportunity Zone, being developed by a best-in-class developer and being strategically located.”

He cited the project’s proximity to Oracle’s new U.S. headquarters, Tesla’s upcoming Gigafactory and Austin-Bergstrom International Airport. “While this is our first foray into Austin, it won’t be our last,” Pintar said. “We are in active negotiations on several other projects.”

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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
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