Greysteel Arranges Sale of 84-unit Multifamily Property in Austin

Greysteel has arranged the sale of an 84-unit multifamily property located in Austin near the University of Texas. Senior Directors J.R. Ellis and Jack Stone based respectively in the company’s Austin and Dallas Offices negotiated the transaction on behalf of the seller.

University Quarters is a multifamily community within walking distance of The University of Texas campus, consisting of four buildings – built between 1973 and 1978 – and 84 units in total. The property offers all one-bedroom units averaging 450 square feet in size. University Quarters is within a 12-minute walk to the heart of campus as well as a significant number of restaurants, stores, and entertainment outlets along Guadalupe Street, West Campus’s main retail corridor.