ARA SECURES SALE OF MOUNTAIN SHADOW APTS. IN EL PASO

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EL PASO, TEXAS — ARA has brokered the sale of the Mountain Shadow Apartment Homes, located at 2500-2624 Morehead Ave. in El Paso. The Mountain Shadow development is a collection of apartment properties, including the 72-unit Mountain Shadows, the 28-unit Sun City and three single-family homes. The development features views of the Franklin Mountains, a swimming pool, four laundry facilities and picnic areas. The development is 94 percent occupied. Jeff Patterson and Kelly Witherspoon of ARA's Austin office represented the seller, a Colorado-based private investor, in the transaction. The buyer is a local, private investor.

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