Chicago-based REIT Management & Research is the new owner of Hill Country Galleria, a 1.28 million-square-foot mixed-use lifestyle center located in Bee Cave, TX (a suburb of Austin) that filed bankruptcy in May of last year. The investment company won the center at a bankruptcy auction with a $75 million bid. This price is well below the $161 million outstanding on the $192 million construction loan Opus obtained to develop the project.