Hilltop Residential Acquires 156 Unit Apartment Property in Austin, Texas
HOUSTON – Hilltop Residential, a Houston-based multifamily real estate investment company, has acquired a 156-unit apartment property located in Austin, Texas. The Class A property was built in 2018 and offers residents an array of high-quality amenities in a fast-growing location.
“We are excited about buying a newer property in an area that is experiencing explosive growth” said Greg Finch, president of Hilltop Residential. “Oracle’s campus should house approximately 10,000 employees upon completion. We are excited to be in this market. This is a newer property that we can add value to on the management side as well as by redesigning property amenities”
Hilltop Residential was formed in 2017 to acquire and renovate multi-family real estate assets that have strong market potential in Texas and the southern U.S. Since opening 14 months ago, the company has purchased roughly 3000 apartment units across the state of Texas. Target properties are well located, built in 1995 or later, and can be repositioned to maximize returns for investors.
About Hilltop Residential
Headquartered in Houston, Hilltop Residential provides investors with tax-deferred income and capital appreciation by acquiring and renovating multi-family properties located in the southern United States. Hilltop invests in cities and neighborhoods with strong demographics and positive employment growth. For more information, visit www.livehilltop.com.