Brixton Capital, a commercial real estate investment firm, recently purchased the Royalton at Sunfield, a 300-unit apartment community in Buda, Texas, immediately south of Downtown Austin. Located at 2825 Main Street, Brixton purchased the property from Dallas-based SWBC.
The 276,080-square-foot property consists of 14 three-story buildings built in 2021. The community features a pool, fitness center, dog park, private office space, community kitchen, entertainment pavilion, and lounge.
Brixton Capital will rebrand the property as Ryze at Sunfield, and complete upgrades to the unit interiors, including the installation of washer/dryer units and a technology package with keyless entry, programable remote thermostats, and USB ports. United Apartment Group (UAG), a San Antonio-based property management firm owned by Brixton Capital, will continue to manage the property.
“The economic expansion and job creation between Austin and San Antonio is extraordinary,” said Brixton Capital Vice President of Acquisitions Jim Hamilton. “This growth is leading to an extraordinary demand for new residential housing and attracting new high-quality renters. This property offers excellent access to major job centers in the Austin area, daily needs retail and high-quality schools in a sought-after community known for its Texas Hill Country lifestyle.”
The seller, SWBC, was represented by Will Balthrope, Jordon Featherston, Kent Myers and Taylor Hill of Institutional Property Advisors (IPA). Brixton Capital represented itself in the transaction.
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