Tuesday, December 11, 2007

PRIVATE INVESTOR SADDLES UP

(Austin Business Journal) – A private California investor has purchased the Class-A Saddle Creek apartments from Chicago-based Orix Real Estate Capital.The 17-building, 224-unit apartment community at 10801 Old Manchaca Rd. was completed in 2001.Valued at $16.9 million according to the Travis Central Appraisal District, the complex is 95 percent occupied.Apartment Realty Advisors represented Orix.
RECON-The Real Estate Center is part of the Mays Business School at Texas A&M University in College Station

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