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Orion Acquires 199-Unit, Value-Add Apartment Community in Austin

Triple Crown 2 Apartments in Austin was built in 1973. Orion secured the acquisition of the property with a loan from Fannie Mae's Green Financing program.

AUSTIN, TEXAS — Los Angeles-based Orion Real Estate Partners has acquired Triple Crown 2 Apartments, a 199-unit, value-add multifamily community in Austin. Built in 1973, the property is located at 1212 Westheimer Drive, approximately 4.5 miles from the University of Texas at Austin and 5.5 miles from downtown. CBRE arranged a 10-year acquisition loan through Fannie Mae’s Green Financing program on behalf of Orion for the transaction.

 

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