Hertz Investment Group pics up 422-unit multifamily portfolio

​​AUSTIN – California-based Hertz Investment Group has acquired a three-property multifamily portfolio totaling 422 units.

The assets include the:

  • 132-unit Amor Apartments at 1200 Mearns Meadow Blvd.,

  • 130-unit Feliz at 1804 W. Rundbergy Ln., and 

  • 160-unit Vida Apartments at 1735 Rutland Dr. 

All assets were built in the 1980s and renamed under the Ascent brand. The unit mix includes 52 studio, 234 one-bedroom, and 136 two-bedroom apartments. 

​Building exteriors will receive new roofing, courtyard areas with fire pits, new fencing, dog parks, and playgrounds.

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​Source: REBusiness Online

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