{"id":1004118227,"date":"2015-04-25T09:41:22","date_gmt":"2015-04-25T17:41:22","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=342777"},"modified":"2022-12-08T21:26:59","modified_gmt":"2022-12-09T05:26:59","slug":"berkadia-arranges-sale-of-capitol-village-apartments-in-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\/","title":{"rendered":"Berkadia Arranges Sale of Capitol Village Apartments in Austin"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Capitol-Village.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-342779\" title=\"Capitol Village\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Capitol-Village.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a>Austin\u2019s Capitol Village Apartments, a 249-unit multifamily property, is under new ownership. InterGroup Corp. of Los Angeles sold the asset to a private investor from San Francisco.<\/p>\n<p>\u201cThis was a highly attractive asset, receiving over 15 offers from a wide variety of investors,\u201d said Forrest Bass, a vice president in Berkadia\u2019s Austin office, in a statement. Bass and George Deuillet III, a Berkadia senior vice president, arranged the deal. \u201cThe seller owned the property\u2014its last holding in Austin\u2014for more than 10 years, and the purchase represents the largest Austin acquisition to date for the buyer,\u201d Bass added.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-342780\" title=\"Capitol Village Apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Capitol-Village-Apartments.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/p>\n<p style=\"text-align: justify\">The apartment complex, located at 6855 East Highway 290 near State Route 183, was 96 percent occupied when the deal closed. Built in 1969, it offers one-, two-, and three-bedroom apartments ranging in size from 400 square feet to 1380 square feet.<\/p>\n<p>Amenities include fully equipped kitchens with electrical appliances, balconies, patios, fireplaces, ceiling fans, walk-in closets, pantries and mini-blinds. Community amenities feature a swimming pool, clubhouse, playground, fitness center, business center, barbeque area, carports, and laundry facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Austin&rsquo;s Capitol Village Apartments, a 249-unit multifamily property, has a new owner. The deal was brokered by senior vice president George Deuillet III and vice president Forrest Bass of Berkadia&rsquo;s Austin office.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[],"class_list":["post-1004118227","post","type-post","status-publish","format-standard","hentry","category-austin","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Berkadia Arranges Sale of Capitol Village Apartments in Austin - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkadia Arranges Sale of Capitol Village Apartments in Austin\" \/>\n<meta property=\"og:description\" content=\"Austin&rsquo;s Capitol Village Apartments, a 249-unit multifamily property, has a new owner. The deal was brokered by senior vice president George Deuillet III and vice president Forrest Bass of Berkadia&rsquo;s Austin office.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-25T17:41:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:26:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Capitol-Village.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Berkadia Arranges Sale of Capitol Village Apartments in Austin\",\"datePublished\":\"2015-04-25T17:41:22+00:00\",\"dateModified\":\"2022-12-09T05:26:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\\\/\"},\"wordCount\":184,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/Capitol-Village.jpg\",\"articleSection\":[\"Austin\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-arranges-sale-of-capitol-village-apartments-in-austin\\\/\",\"name\":\"Berkadia Arranges Sale of Capitol Village Apartments in Austin - 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