AUSTIN, Texas, July 22, 2020 (GLOBE NEWSWIRE) — Rastegar Property Company, a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest United States, announced today the acquisition of The Edge at SoCo, a 35-unit garden style multifamily complex in the highly desirable Buckingham Ridge neighborhood of South Austin. With 94% of the property occupied, The Edge at SoCo represents a unique buying opportunity for Rastegar, which plans to increase the already strong in-place cash flow by fully renovating the Property and increasing efficiencies through the implementation of professional management to decrease operating expenses. “We’ve found great value in these types of vintage, garden style multifamily complexes and will continue to be aggressive in purchasing them, completely renovating and amenitizing them, and offering best-in-class housing to the fast-growing number of Austin residents,” said Ari Rastegar, Founder and CEO of Rastegar Property Company. “The Edge at SoCo sits in an unbeatable location, a short walk from area beer gardens as well as St. Edwards University.” The Edge at SoCo sits at 6812 South Congress Avenue, one block away from William Cannon Drive, and three minutes away from major highway I-35. Click to read more at www.globenewswire.com.