{"id":1004124679,"date":"2015-08-05T12:40:38","date_gmt":"2015-08-05T20:40:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356993"},"modified":"2020-05-18T16:49:44","modified_gmt":"2020-05-19T00:49:44","slug":"boston-buyer-for-austin-apartments-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boston-buyer-for-austin-apartments-3\/","title":{"rendered":"Boston Buyer for Austin Apartments"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<div id=\"attachment_356995\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Burnet-Flats.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-356995\" title=\"Burnet Flats\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Burnet-Flats.jpg\" alt=\"Burnet Flats \" width=\"300\" height=\"193\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Burnet Flats Community<\/p>\n<\/div>\n<p style=\"text-align: justify;\">Strong job and population growth keep Austin in the top five multi-family investment markets without any sign of a slowdown. As a case in point,  U.S. Real Estate Investment Fund L.L.C. (US REIF), a subsidiary of Boston-based <a href=\"https:\/\/www.intercontinental.net\/\" rel=\"nofollow\" >Intercontinental Real Estate<\/a>, recently acquired a year-old, 179-unit community in central Austin.<\/p>\n<p style=\"text-align: justify;\">Terms were not disclosed, but the buyer obtained a $20.4 million, 10-year fixed-rate Freddie Mac loan originated by <a href=\"https:\/\/www.capitalone.com\/\" rel=\"nofollow\">Capital One<\/a>. Bryan Sykes, senior vice president in Capital One\u2019s Boston office, facilitated the loan and explained in a statement that the loan closed in 20 days.<\/p>\n<p>Completed last year and located at 5453 Burnet Rd., <a href=\"https:\/\/www.burnetflats.com\/\" rel=\"nofollow\"> Burnet Flats<\/a> offers one- and two-bedroom apartments that range in size from 600 square feet to 1,141 square feet. Community amenities include a barbecue and picnic area, bike racks, business center, clubhouse, courtyard, fitness center, resort-style swimming pool, and sky lounge with kitchen.<\/p>\n<p>Apartments feature 9-foot-high ceilings, large closets, programmable thermostats, spa-inspired baths with dual sinks, and entry closets. The property also includes 2,853 square feet of retail space<\/p>\n<p style=\"text-align: justify;\"><em>Image courtesy of Burnet Flats<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strong job growth and a still increasing population keeps Austin in the top five multifamily investment markets without sign of slowing down anytime soon.<\/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-1004124679","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>Boston Buyer for Austin Apartments - 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\/boston-buyer-for-austin-apartments-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boston Buyer for Austin Apartments\" \/>\n<meta property=\"og:description\" content=\"Strong job growth and a still increasing population keeps Austin in the top five multifamily investment markets without sign of slowing down anytime soon.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boston-buyer-for-austin-apartments-3\/\" \/>\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=\"2015-08-05T20:40:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T00:49:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Burnet-Flats.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\\\/boston-buyer-for-austin-apartments-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-buyer-for-austin-apartments-3\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Boston Buyer for Austin Apartments\",\"datePublished\":\"2015-08-05T20:40:38+00:00\",\"dateModified\":\"2020-05-19T00:49:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-buyer-for-austin-apartments-3\\\/\"},\"wordCount\":188,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-buyer-for-austin-apartments-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Burnet-Flats.jpg\",\"articleSection\":[\"Austin\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-buyer-for-austin-apartments-3\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-buyer-for-austin-apartments-3\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-buyer-for-austin-apartments-3\\\/\",\"name\":\"Boston Buyer for Austin Apartments - 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