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CWS Apartment Homes Acquires $55 Million Austin Community

CWS Apartment Houses expands Austin-dependent serious estate portfolio to additional than six,seven-hundred residential models with the acquisition of Westerly 360.

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current: Aug 21, 2020 09:sixteen CDT

CWS Apartment Houses announces the acquisition of Westerly 360, a 189-device mid-increase apartment making in Austin, Texas. The home was created in 2018 and consists of 187,365 rentable square feet in two 4-story residential structures and 6 a few-story townhome structures. This acquisition will increase the firm’s Austin-dependent holdings to additional than six,seven-hundred residential models.

The home is found at the junction of Loop 360 and South MoPac Expressway adjacent to Barton Creek Sq. buying shopping mall. This place gives the ideal mix of walkable convenience to the area’s leisure even though remaining only minutes from downtown Austin and the Austin-Bergstrom International Airport.

The community is made up of a mix of one- and two-bedroom apartment houses along with two- and a few-bedroom townhomes. Floor options vary from seven-hundred to two,195 square feet. The property’s features contain a resort-model swimming pool, a bocce ball courtroom, a physical fitness heart, a spin and yoga studio, and an entertaining clubhouse.

CWS Apartment Homes’ Vice-President of Property Integrations, Marcellus Mosley, describes, “Westerly 360 is the most recent acquisition in Austin, Texas by CWS. Westerly 360 is found in an Austin ‘sweet location,’ nestled in the scenic hill place even though remaining conveniently found to the central company district, airport, buying, and Austin’s planet-famed are living tunes venues. We are confident in our means to supply our signature customer engagement practical experience that will only be improved by the superbly built flats and properly-appointed a few-story townhomes.”

CWS Apartment Houses will supply the day-to-day administration expert services for the community.

About CWS Apartment Houses, LLC – Founded in 1969, CWS Apartment Houses is a totally integrated serious estate investment decision administration firm specializing in the acquisition, enhancement, repositioning, and administration of luxurious apartment communities in fast-rising American cities. CWS Apartment Houses presently manages additional than 28,000 models of luxurious flats with a substantial presence in Texas and other metropolitan spots across the nation which include: Georgia, North Carolina, Colorado, Arizona, Washington, and California. Our administration team is composed of additional than 800-team members who make sure our assets are properly-taken care of and our residents are glad.

Supply – Danny Mizufuka, CWS Apartment Houses

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Supply: CWS Apartment Houses