Mill Creek Residential, a developer, owner-operator and investment manager specializing in rental housing, has acquired Alister Sunset Valley, a garden-style apartment community in Austin.
The 290-unit, three-story community was built in 1997 and was formerly known as The Park on Brodie Lane. The property offers one-, two- and three-bedroom homes with private patios or balconies, and community amenities include a resort-style pool/spa with sundeck and lounge seating, outdoor courtyard with grilling area and fire pit, a clubhouse with gathering space and demonstration kitchen, coworking spaces, sand volleyball, pet park and a fitness studio with cardio equipment and free weights.
The financial aspects of the acquisition were not disclosed.
“South Austin continues to be a highly desirable living destination due to its Texas Hill Country setting while maintaining convenient access to dynamic restaurants, shopping, entertainment and employment centers,” said Jaymie O’Harrow, managing director of acquisitions for Mill Creek Residential. “Alister Sunset Valley certainly fits that description, and its large floor plans and comfortable amenity spaces will undoubtedly be appealing to a variety of renters. We look forward to providing the Alister Sunset Valley residents with the customer-centric experience Mill Creek is known for.”
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