IPA Arranges Sale of New Apartment Community in South Austin

AUSTIN, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Estancia Villas, a newly built, 312-unit apartment community in south Austin. The property is part of the 600-acre master-planned community of Estancia Hill Country, which upon completion will feature 130 acres of parks and nearly 280,000 square feet of retail and dining. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the seller and developer, JCI Residential. The buyer, Steadfast Cos., purchased the property for an undisclosed price.