One Real Estate Buys 200-Unit Mira Vista Apartments in Austin
AUSTIN, TEXAS — Miami-based One Real Estate Investment has purchased Mira Vista Apartments, a 200-unit multifamily community in Austin’s Windsor Hills neighborhood. The community was built in 1983 and was 97 percent occupied at the time of sale. Mira Vista is a garden-style community composed of 32 one-bedroom units and 168 two-bedroom units ranging from 650 square feet to 960 square feet. Amenities include a pool, clubhouse, community grill area, courtyard, playground, sauna, pool with sundeck and a resident business center with internet access. Brad Williamson of Berkadia secured a $15.1 million fixed-rate acquisition loan that carries a 3.24 percent interest rate and five years of interest-only payments for the deal. Noam Franklin, Chinmay Bhatt and Cody Kirkpatrick of Berkadia delivered a publicly traded REIT as an equity partner for One Real Estate.