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Zion buys five Austin-area multifamily properties

Austin Real Estate News

August 16, 2022

​​AUSTIN – Locally based Zion Capital Group LLC has purchased five multifamily
properties totaling 325 units.​

MCP Mueller Place LLC sold Mueller Place Apartments to Zion. The portfolio is
comprised of the 86-unit Mueller Place I at 5800 Wellington Dr. and 24-unit
Mueller Place II at 6301 Berkman Dr.

Zion also purchased the Villas at Mueller, a 124-unit community at 6103 Manor
Rd. The seller was 6103 Manor Rd. LLC.

The final purchase was the Hyde Park Portfolio, which is comprised of Spanish
Trails Apartments and Miller Square Apartments.

The 40-unit Spanish Trails at 4520 Bennett Ave. was sold by Armadillo Spanish
Trails Realty LLC. CSC Miller Square Realty was the seller of the 50-unit
Miller Square at 918 E. 40 St.

Northmarq Capital LLC facilitated $43.8 million in acquisition loans.

texaslogo.pngThe Texas Real Estate Research Center
has more news like this online for free:

* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news​](https://txrec.io/2PoQABe)

​Source: Austin Business
Journal

Source

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