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Luxury multifamily property in Austin, Texas, sells for $86 million

Providence Management acquires 576-unit Beck at Wells Branch
Beck at Wells Branch, a 576-unit apartment development, recently traded hands in Austin.
Beck at Wells Branch, a 576-unit apartment development, recently traded hands in Austin.
By Walt Elmore with
CoStar Research
August 24, 2026 | 3:52 P.M.

Providence Management has acquired Beck at Wells Branch, a 576-unit multifamily development at 2801 Wells Branch Parkway in Austin, Texas, from American Landmark for $86 million, or $149,306 per unit.

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