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8/01/24
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Comunidad Partners has acquired Toscana Apartment Homes, a 358-unit multifamily community in northwest Austin, TX. The price was not disclosed.
Built in 2001, Toscana is located at 13355 US Highway 183. The community offers one-, two- and three-bedroom units featuring superior finishes such as stainless-steel appliances, faux wood flooring, stone countertops, and nine-foot ceilings. Interior amenities include in-unit full-size washer and dryer units, private patio/balcony, lighted ceiling bedroom fans and direct access to attached garages in select units. Exterior and community amenities include controlled-access gates, playground, pet park and resort-style swimming pool with shaded cabanas.
Comunidad plans to invest in capital improvements at Toscana and further elevate both the common areas and living spaces. Planned upgrades include providing BBQ areas, installing a pickleball court, and adding private yards, among other initiatives.
According to Antonio Marquez, Founder and Managing Partner of Comunidad Partners, the company plans to building a portfolio of high-quality workforce and attainable multifamily product in the Sunbelt, with a particular emphasis on assets and portfolios in Southwest and Southeast markets including Dallas, Charlotte, Raleigh-Durham, Phoenix, and others.
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