{"id":1004121369,"date":"2015-06-17T09:30:32","date_gmt":"2015-06-17T17:30:32","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=352941"},"modified":"2022-12-05T15:04:19","modified_gmt":"2022-12-05T23:04:19","slug":"boutique-m-f-asset-attracts-buyer-from-down-under","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boutique-m-f-asset-attracts-buyer-from-down-under\/","title":{"rendered":"Boutique M-F Asset Attracts Buyer From Down Under"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

\"EG<\/a>Austin\u2019s flourishing economy attracts investors around the country, and in recent years international players have started taking notice, too. Recently, Australian real estate fund manager EG Funds Management purchased its first property in downtown Austin.<\/p>\n

The Australian investment manager bought SoCo I & II, a 59-unit boutique multi-family community, from Artesia for an undisclosed price. At the time of the sale,\u00a0the property was 98 percent\u00a0occupied. HFF marketed the asset on behalf of Artesia. The investment sales team was led by Director Matt Pohl, Senior Managing Director Sean Sorrell, and Ryan McBride,\u00a0a senior real estate analyst .<\/p>\n

Located at 3504 and 3508 Alpine Circle between South Congress and 1st<\/sup>\u00a0Street in South Austin,\u00a0SoCo I & II was completed in 1972 and renovated most recently\u00a0in 2014. The neighborhood is one of the most sought-after in Austin because of its\u00a0location five minutes from the Central Business District and near St. Edwards University. Major employers include Whole Foods Corporate Campus, Home Away, Facebook, and Cirrus Logic.<\/p>\n

\u201cThe sale of SoCo I & II highlights the international interest Austin now receives from a global investment standpoint,”\u00a0said HFF’s Pohl.\u00a0”Historically, Austin has been a focal point of investors both locally and nationwide, but throughout the last couple of years we have seen international private equity come into the market seeking investment opportunities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Austin’s flourishing economy is a major attraction for local investors and in the recent years it started receiving international interest too. Recently, Australian real estate fund manager EG Funds Management purchased its first property in downtown Austin.<\/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-1004121369","post","type-post","status-publish","format-standard","hentry","category-austin","category-latest"],"acf":[],"yoast_head":"\nBoutique M-F Asset Attracts Buyer From Down Under - 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\/boutique-m-f-asset-attracts-buyer-from-down-under\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boutique M-F Asset Attracts Buyer From Down Under\" \/>\n<meta property=\"og:description\" content=\"Austin’s flourishing economy is a major attraction for local investors and in the recent years it started receiving international interest too. 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