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Apartments in Austin, Texas, Go Under Contract at 43% Premium

Property Is Located Near Prominent Tech Employers, Including Apple
The Santal apartments at 7624 Tecoma Circle in Austin, Texas, sold for $152 million. (CoStar)
The Santal apartments at 7624 Tecoma Circle in Austin, Texas, sold for $152 million. (CoStar)
CoStar News
September 23, 2021 | 2:39 P.M.

An apartment complex in Austin, Texas, stands to sell at a significantly higher price per unit than most apartments in Texas’ capital city. The deal illustrates the growing value of multifamily in Austin, where tech companies and workers have flocked in recent years.

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