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Placemakr Expands Apartment-Style Hotel Concept in Central Texas

Real Estate Firm Buys 259-Micro-Unit Residential Building from Transwestern Development Co.
Placemakr bought the multifamily building formerly known as 3Waller, an apartment building with 259 "micro" units in Austin, Texas. The purchase is part of Placemakr's plan to expand its brand of apartment-style hotel units in Texas. (CoStar)
Placemakr bought the multifamily building formerly known as 3Waller, an apartment building with 259 "micro" units in Austin, Texas. The purchase is part of Placemakr's plan to expand its brand of apartment-style hotel units in Texas. (CoStar)

A real estate investment firm that specializes in converting multifamily properties into flexible apartment-hospitality spaces announced this week it is expanding into the Lone Star State with the purchase of a 259-unit property in downtown Austin, Texas.

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