ARA ARRANGES AUSTIN'S LARGEST MULTIFAMILY SALE YTD
AUSTIN — ARA has brokered the sale of the 608-unit Preserve at Travis Creek, a multifamily community located at 5800 SW Parkway in Austin. Amenities of the community include two resort-style swimming pools, a fully-equipped fitness center, aerobic studio, barbecue grills and a biking trail. The property is currently 96 percent occupied. Patton Jones of ARA's Austin office represented the seller, Dallas-based Invesco Real Estate, in the transaction. The buyer was Chicago-based Heitman. Preserve at Travis Creek is the largest multifamily property to have traded in Austin year to date.