ARA ARRANGES SALE OF 606-UNIT APARTMENT COMPLEX IN AUSTIN

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AUSTIN — Atlanta-based ARA has arranged the sale of Northland at Stonehollow, a 606-unit apartment complex located in north-central Austin. Patton Jones of ARA represented the seller, Northland Investment Corp., in the transaction. The buyer, a real estate investment firm, is an affiliate of Heitman LLC. Built in 1996, the complex consists of one-, two- and three-bedroom units. Amenities include a clubhouse, gym, business center, media center, theater room and two pools. It was 95 percent occupied at the time of sale.

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