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223-unit Austin apartment gets new owner

​​​​AUSTIN – JEM Holdings has purchased The Monroe, a 223-unit apartment community at 2509 Montopolis Dr. 

The property, whi​​​ch is currently under construction, offers one- and two-bedroom units. 

Amenities include a pool, clubhouse, business center, dog park, fitness center, and Amazon package system. 

Newmark represented the seller, Stillwater Capital. 

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