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AUSTIN, TEXAS — ARA Newmark has arranged the sale of a 195-unit apartment community located in the south central submarket of Austin. New York-based Clarion Partners sold Platinum Southside to FrontRange Capital Partners, a Denver, Colo.-based private equity firm that focuses on investments in both real estate and business operations. The property was 95 percent occupied at the time of sale. Platinum Southside was built in 2009. Layouts range from one-bedroom to two-bedroom designs. Amenities include a clubhouse, café with WiFi, billiards, business center, pool, grilling stations and picnic areas. Patton Jones of ARA Newmark represented Clarion Partners in the sale.