Comunidad Partners announced it has acquired Toscana Apartment Homes, a multifamily community totaling 358 units in northwest Austin. The purchase of this property aligns with the firm’s goal of preserving access to quality workforce and attainable housing in growing Sunbelt submarkets, according to Antonio Marquez, founder and managing partner at Comunidad Partners.
“This was a compelling opportunity to acquire a property of the type that rarely becomes available with strong occupancy that has been well-maintained under long-term institutional ownership,” said Marquez. “Toscana Apartment Homes will benefit from migration trends and robust demand for high-quality housing that is attainable to households earning between 60 percent and 120 percent of the area median income.”
Comunidad plans to invest in capital improvements at Toscana and further elevate both the common areas and living spaces, including upgrades such as barbeque areas, a pickleball court and p
