34 Units Under New Ownership in North Central Austin

AUSTIN, TEXAS  – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Raintree, a 34-unit apartment property located at 8806 Redfield Lane in Austin, Texas, according to J. Michael Watson, Vice President/Regional Manager of the firm’s Austin office.

Kent Myers, Joe James and Hector Granado of the James-Myers Multifamily Team of Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a partnership.  The buyer, a limited liability company, was also secured by Kent Myers, Joe James and Hector Granado.

Built in 1971, Raintree contains 33 one-bedroom units and one two-bedroom unit on 0.83 acres.

For additional investment information, please contact:

Joe James | jjames@marcusmillichap.com | 512-338-7852

Kent Myers | kmyers@marcusmillichap.com | 512-338-7853

Follow us on Twitter @JamesMyersMF for the latest market news and activity.

The James-Myers Multifamily Team of Marcus & Millichap participated in the sale of 22 transactions in 2012 totaling over 3,000 units and more than $123 Million in sales across Texas.  Contact us for acquisitions, dispositions, property evaluations or market information for your Texas apartments.

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