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AUSTIN — ARA Newmark has brokered the sale of a 300-unit apartment property in Austin. The Current, formerly known as Bluffs at Town Lake and Longhorn Station, was 93 percent occupied at the time of sale. Austin-based Thrive FP sold the asset to Avesta for an undisclosed price. This transaction is the fourth time in eight years that ARA Newmark has led the sale of the property. Constructed in 1974, the garden-style community offers studio, one- and two-bedroom units. Amenities at The Current include an indoor sports court, electric vehicle charging stations, a fitness center, swimming pool with grill and picnic area and sand volleyball court. Andrew Shih and James Young of ARA Newmark represented the seller in the transaction.