Alexan Congress

Alexan Congress is a Class A apartment community located in Austin, TX. The property includes 253 apartment units as well as 7,433 square feet of retail space. Financing included a $22.66 million senior life company loan and an $8.3 million mezzanine loan from a Philadelphia-based REIT. The property has an exceptional location on Congress Avenue, in what is known as the SoCo District. It was purchased by an experienced 1031/TIC sponsor.

 

 

Austin, Texas	$30,960,000