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AUSTIN, TEXAS — GE Real Estate has arranged a $9.56 million equity investment in a joint venture partnership with Trammell Crow Residential (TCR) to develop a multifamily property called Alexan Ribelin in Austin. The apartment complex, which will consist of 350 Class A units housed in 15 three-story buildings, is being built on 17.55 acres. The property is near the Balcones Canyon Conservation preserve and is part of a master-planned development that includes upscale offices, retail shops, a middle school and a high school. The first phase of residences is scheduled to open this November. TCR will serve as general contractor for the project, while Riverstone Residential Group will provide leasing and property management services.