Arrowroot Acquires 192-Unit Lamar Station Apartments in Austin
AUSTIN, TEXAS — Arrowroot Real Estate, a California-based private equity firm, has acquired Lamar Station Apartments, a 192-unit community in North Austin. Built in 1983, the property’s unit interiors were recently upgraded, and Arrowroot plans to implement capital improvements to the amenity spaces as well. Charles Cirar and Michael Wardlaw of CBRE brokered the transaction, representing the undisclosed seller. Brian Eisendrath and Cameron Chalfant, also with CBRE, arranged $22.4 million in acquisition financing on behalf of Arrowroot.