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AUSTIN, TEXAS — ARA has arranged the sale of Promesa, an 82 percent occupied, 289-unit multifamily development in Austin. Constructed in 2012, Promesa is comprised of one-, two- and three-bedroom units and its amenity package includes a tech/business center, media room, resort-style swimming pool, fitness center and a fireside lounge and grilling area. Patton Jones of ARA represented the seller, Forestar Group, in the transaction. A large pension fund advisor acquired the community from Forestar Group.