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New York Investor Bets on Texas Capital City Despite 'Short-Term Risks and Challenges'

The Dinerstein Cos. Sells North Central Austin Apartments to Castle Lanterra Properties
The Infinity Residences at The Triangle are part of a mixed-use development located between two growing employment hubs in Austin, Texas. Castle Lanterra purchased the residential portion only. (CoStar)
The Infinity Residences at The Triangle are part of a mixed-use development located between two growing employment hubs in Austin, Texas. Castle Lanterra purchased the residential portion only. (CoStar)
CoStar News
July 16, 2020 | 5:53 P.M.

A New York investor has snagged a 529-unit apartment complex in Austin, Texas, in a sign that investors are still interested in the Texas capital in spite of the headwinds of the coronavirus pandemic.

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