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9/17/24
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Thornton Flats, a 104-unit boutique multifamily in South Central Austin, TX, was acquired by Jesse Mamuhewa and David McCutchan of Resolute Capital Partners. The price was not disclosed.
Built in 2017, Thornton Flats is located at 2501 Thornton Rd. The Class A, garden-style community offers contemporary design and modern amenities.
Nestled behind the vibrant South Lamar corridor, the property features an expansive outdoor courtyard with a kitchen, fire pit and hammocks, a modern lounge, an executive business center and a resident-only dog park. Residents enjoy a mix of one- and two-bedroom floorplans with nine-foot ceilings, gourmet kitchens with premium finishes and private balconies or mini-yards.
Thornton Flats is walkable to numerous retailers, restaurants and entertainment districts including South Congress, Music Lane and Rainey Street. The property also benefits from a high concentration of nearby jobs, with major employers such as Meta and Google less than two miles away.
Patton Jones and Andrew Dickson with Newmark represented the undisclosed seller in the transaction.
“South Central Austin remains one of the most desirable locations in the city for both renters and investors,” said Jones. “Thornton Flats’ immediate proximity to the retail and entertainment of South Lamar, South Congress and the CBD presented a rare investment opportunity in the coveted Bouldin Creek neighborhood, attracting interest from private funds, family offices and syndicators."
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