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Zion buys five Austin-area multifamily properties

​​​AUSTIN – Locally based Zion Capital Group LLC has purchased five multifamily properties totaling 325 units.​

MCP Mueller Place LLC sold Mueller Place Apartments to Zion. The portfolio is composed of the 86-unit Mueller Place I at 5800 Wellington Dr. and 24-unit Mueller Place II at 6301 Berkman Dr.

Zion also purchased the Villas at Mueller, a 124-unit community at 6103 Manor Rd. The seller was 6103 Manor Rd. LLC.

The final purchase was the Hyde Park Portfolio, which is comprised of Spanish Trails Apartments and Miller Square Apartments. 

The 40-unit Spanish Trails at 4520 Bennett Ave. was sold by Armadillo Spanish Trails Realty LLC. CSC Miller Square Realty was the seller of the 50-unit Miller Square at 918 E. 40 St. 

Northmarq Capital LLC facilitated $43.8 million in acquisition loans.

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