AUSTIN — Apartment Realty Advisors (ARA) has arranged the sale of the 74-unit Delwood Station, a multifamily community located at 1230 E. 38th 1/2 St. in Austin. Andrew Shih of ARA's Austin office represented the seller, a group of private individuals based in the State of Washington, in the transaction. Additionally, the seller partnered with Austin-based Roscoe Properties. The buyer was a syndicate, also based in Washington state. Fannie Mae provided acquisition financing for the property, which features a pool, courtyard, barbecue area and laundry facilities, as well as nearby retail and restaurants.