{"id":59193,"date":"2018-01-15T13:34:00","date_gmt":"2018-01-15T15:09:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-orion-real-estate-partners-acquires-199-unit-value-add-apartment-complex-in-austin-msa\/"},"modified":"2018-01-15T14:36:04","modified_gmt":"2018-01-15T18:36:04","slug":"orion-real-estate-partners-adquiere-valioso-complejo-de-apartamentos-de-199-unidades-en-austin-msa","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/orion-real-estate-partners-adquiere-valioso-complejo-de-apartamentos-de-199-unidades-en-austin-msa\/","title":{"rendered":"Orion Real Estate Partners Acquires 199-Unit Value-Add Apartment Complex in Austin MSA"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">LOS ANGELES<\/span> and <span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">Jan. 15, 2018<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; L.A. based Orion Real Estate Partners (&#8220;Orion&#8221;) announced today that it has closed on the acquisition of Triple Crown 2 Apartments, a garden-style apartment community in <span class=\"xn-location\">Austin, Texas<\/span>. <\/p>\n<p>Built in 1973, the 199-unit property is located approximately 4.5 miles from The <span class=\"xn-org\">University of Texas at Austin<\/span>, 5.5 miles from downtown <span class=\"xn-location\">Austin<\/span>, and 6.5 miles from The Domain. Also within 1 mile of the property are the redevelopments of <span class=\"xn-org\">Austin Community College<\/span>\/Highland Business Center and Mueller Airport. \u00a0<\/p>\n<p>Triple Crown 2 is well-located to cater to an underserved workforce renter population that has been priced out of newer properties in the market. Orion plans to spend approximately <span class=\"xn-money\">$1.8 million<\/span> to improve the property&#8217;s exterior and amenities and renovate the unit interiors. <\/p>\n<p>CBRE Multifamily Capital provided an attractive 10-year fixed rate acquisition loan through the Fannie Mae Green Financing loan program.\u00a0 The Property Society will provide property management services on behalf of the venture. <\/p>\n<p>Orion is actively looking to increase its exposure to affordable workforce housing assets in <span class=\"xn-location\">Austin<\/span>, <span class=\"xn-location\">Denver<\/span>, <span class=\"xn-location\">Salt Lake City<\/span>, <span class=\"xn-location\">Seattle<\/span>, and <span class=\"xn-location\">Portland<\/span> due to strong demographic growth and solid multifamily market fundamentals. <\/p>\n<p><b>About Orion Real Estate Partners<\/b>: Orion Real Estate Partners is a private real estate investment firm that targets value-add multifamily assets in Western US markets with strong demographics and job growth. Utilizing proven institutional processes to source and manage investments, we identify assets with capital and operational re-positioning opportunities to provide attractive returns for our investors. Orion, together with its affiliates, currently has a portfolio of 835 units in <span class=\"xn-location\">Denver<\/span> and <span class=\"xn-location\">Austin<\/span>. For more information, please visit: <a target=\"_blank\" href=\"http:\/\/orionrep.com\/\" rel=\"nofollow\">http:\/\/orionrep.com\/<\/a><\/p>\n<p>CONTACT: <br \/><span class=\"xn-person\">Kyle Henrickson<\/span> <br \/>1-619-985-0490 <br \/><a target=\"_blank\" href=\"mailto:kyle@orionrep.com\" rel=\"nofollow\">kyle@orionrep.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p>SOURCE  Orion Real Estate Partners<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">LOS ANGELES<\/span> and <span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">Jan. 15, 2018<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; L.A. based Orion Real Estate Partners (&#8220;Orion&#8221;) announced today that it has closed on the acquisition of Triple Crown 2 Apartments, a garden-style apartment community in <span class=\"xn-location\">Austin, Texas<\/span>. <\/p>\n<p>Built in 1973, the 199-unit property is located approximately 4.5 miles from The <span class=\"xn-org\">University of Texas at Austin<\/span>, 5.5 miles from downtown&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-59193","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/59193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=59193"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/59193\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=59193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=59193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=59193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}