JLL Capital Markets arranged the sale of Wildcreek Apartments, a 232-unit, 1984-vintage garden-style apartment community in South Central Austin.
JLL represented the seller, Bob Reeve. The buyer was Continental Realty Group.
The community is strategically positioned at 1511 Faro Dr. in Austin’s Southeast Central submarket, offering convenient access to major employment centers including Oracle’s headquarters, Tesla’s Gigafactory and Austin-Bergstrom International Airport.
Wildcreek Apartments sits on 14.2 acres and features a mix of one and two-bedroom units averaging 660 square feet. The 153,120-square-foot multifamily community offers significant value-add potential with 100% of units unrenovated and current occupancy at 63%. Community amenities include two swimming pools, on-site laundry facilities and expansive green spaces. Unit interiors feature open floor plans with carpet and vinyl plank flooring, electric appliances and individual HVAC systems. The property presents substantial upside potential through strategic renovations to unit interiors, common areas and implementation of improved management practices.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Ryan McBride, Senior Managing Director Robert Wooten and Managing Director Robert Arzola.
