S2 Capital announced that it acquired Vineyard Hills Apartments, a 202-unit, 2000-vintage, garden-style apartment community located in southwest Austin.
JLL Capital Markets worked on behalf of the seller, Bob Reeves, to facilitate the sale to S2 Capital. Working on behalf of the new owner, JLL also procured the acquisition loan from Benefit Street Partners.
Featuring a range of one-, two- and three-bedroom options, Vineyard Hills has an average unit size of 928 square feet. Each unit is designed with features such as walk-in closets, balconies and detached garages, while select units also have fireplaces, bay windows and tile floors. The property offers residents a range of amenities, including a pool, heated spa, picnic area with BBQ grills, on-site laundry facility and dog park.
Vineyard Hills is at 7631 U.S. Highway 290, offering access to the greater Austin area via 290 and Loop 1 (Mopac Expressway). The location is surrounded by sought-after neighborhoods s
