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AUSTIN, TEXAS — BSR Trust LLC, an owner and operator of 115 properties in the Southern U.S., has acquired Heritage at Hillcrest Apartment Homes, located at 1200 and 1201 Broadmoor Drive in Austin. The 286-unit property underwent a $5 million renovation in 2009. Community amenities include private balconies/patios, three swimming pools, four active laundry facilities, a clubhouse and business center. Oak Grove Capital arranged acquisition financing through Freddie Mac on behalf of BSR. Ellen Muskin and Daniel Elam of Muskin Commercial LLC represented the seller in the transaction.