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Sign in Sign up for a FREE subscriptionStratus Properties sells garden-style luxury apartment for $152m
Stratus Properties has sold The Santal, located in Austin, for $152 million. The new owner was not disclosed.
The Santal is a 448-unit, garden-style multifamily luxury apartment complex located in Section N of Austin’s upscale Barton Creek community.
Construction on the first phase of The Santal commenced in January 2015 and was completed in August 2016. Stratus completed construction of the second phase of The Santal during first-quarter 2019. The Santal is fully leased and stabilized.