CESM sold Emerson at Well Branch in Pflugerville, a project it developed in 2023. Commercial Edge reports the 352-unit property was acquired by Hamilton Point with the help of a $75 million acquisition loan from KeyBank.
The community comprises 35 two-story buildings across a 43-acre site, enclosing apartments with one- to three-bedroom layouts ranging from 665 to 1,319 square feet. Shared amenities include a fitness center, clubhouse, business center, swimming pool and grade-level parking with 620 spots.
Emerson at Wells Brach is 15 miles northeast of downtown Austin, close to Interstate 35. Other major thoroughfares in the area include Texas state routes 1 and 45, as well as U.S. Route 183.
Hamilton Point Investments owns 12 other multifamily properties in Texas, including assets in metro El Paso, Houston, and Dallas-Fort Worth.
The post Hamilton Point Adds Pflugerville Apartments to Texas Portfolio appeared first on Connect CRE.
​Â