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Churchill Forge Properties Acquires Soutpark Crossing in Austin

Journeyman Construction Sells 308-Unit Multifamily Community
December 12, 2017
Churchill Forge Properties, a multifamily owner and manager, acquired the 308-unit Southpark Crossing apartments in Austin, TX from Journeyman Construction, Inc. for an undisclosed price.

According to CoStar informaiton, the asset was 95 percent occupied at the time of the sale.

The 12-building multifamily development, located at 1701 Oak Hill Lane, consists of 308 total units and features one and two-bedroom floor plans. The garden-style apartment project was built in 2016 and includes a business center, fitness center, movie theatre, picnic area, pool and clubhouse.

Soutpark Crossing is located near the Southpark Meadows shopping center is accessible to Interstate 5 via S IH Frontage Rd.

Jordan Featherston of Marcus & Millichap represented the seller.

Please Costar COMPS #4075011 for more information on this transaction.
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