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Sale of upscale active adult community near Austin closes
Transactions - MARCH 15, 2022

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Sale of upscale active adult community near Austin closes

by Released

A joint venture between Bain Capital Real Estate and Capitol Seniors Housing has acquired Northstar Georgetown, a 210-unit, upscale, low-rise active adult community in Georgetown, Texas. The sales price was not disclosed.

Chalk Hill Ventures was the seller.

Completed in 2021, Northstar Georgetown is an age restricted (55-plus) community comprising one- and two-bedroom units averaging 1,016 square feet. Apartment amenities include walk-in showers and soaking tubs, private yards and balconies, private parking and garage spaces, full-sized washers and dryers, granite countertops, and stainless-steel appliances. The resort-style community offers a media center and theatre room, pool and spa, outdoor firepit with seating area, landscaped courtyards, and pickleball and bocce ball courts.

Located on 11.51 acres at 2401 Westinghouse Road, the community is positioned near Interstate 35 and State Highway 130, providing seamless connectivity to downtown Austin and the surr

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