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Wildhorn Makes Third Austin-Area Acquisition

NKF arranged the sale of Hawthorne at the District, a 284-unit, 1980s-vintage multifamily community near the East Riverside corridor in Austin, for an undisclosed price. For buyer Wildhorn Capital, it’s the third acquisition in the Austin market.

Vice Chairman Patton Jones of NKF represented the sellers, Hawthorne Residential Partners, a North Carolina-based multifamily investment management group, and Midway, a New York-based multifamily investment firm active in the Southeast and Texas value-add markets.

Additionally, Patrick Short, managing director for NKF’s Debt & Structured Finance group, facilitated financing on behalf of locally-based Wildhorn.

“Hawthorne at the District represents a growing trend of value-add trades in the East Riverside corridor as this area rapidly develops, spurred by the presence of Oracle’s expanding campus,” said Jones. “Investors are looking to capitalize on residents seeking affordable, quality living options just outside of downtown Austin.”

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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