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.