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AUGUST 8, 2019

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Waterton re-enters Austin real estate market

by Andrea Zander

Waterton, a national real estate investor and operator, has acquired a three-property residential portfolio totaling 950 units in Austin.

The acquisition marks a re-entry into the Austin real estate market for Waterton, which sold its last local asset in March 2015.

Built in 1995, 1996 and 1997, respectively, the properties, formerly owned by Northland Investment Corporation, are located approximately 14 miles north of Austin’s central business district and include:

Madison at Stone Creek — 390 units across 19 three-story garden-style residential buildings, including a clubhouse/office, fitness center, sauna, dog park and two outdoor swimming pools.

Madison at Wells Branch — 300 units ac

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