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Hills of Chevy Chase Apts. Sold for More Than $8M

California Investor Acquired 190-Unit Austin Multifamily
By Luis Murillo
July 12, 2007 | 3:53 AM

Mayo Texas Holdings sold the 190-unit Hills of Chevy Chase apartments on 2310 Wickersham Lane to California-based Pine Lake Investment Property LLC for a final purchase price of $8.05 million, or about $42,368 per unit. The transaction was done off-market with an escrow period of 75 days. Column Financial serviced the loan.

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