Southwest

Asher

Property Overview

CLP acquired the 452-unit Asher community (rebranded from Stonegate Apartments) in March 2015. The property is located on a 56-acre parcel adjacent to a development-restricted greenbelt and is a fifteen-minute drive from downtown Austin.

The Austin market continues to experience significant net in-migration and strong job growth driven by multiple corporate relocations and a high standard of living. After a two-year period of evaluating opportunities and investigating the Austin market, CLP identified in Asher an opportunity to acquire a well maintained, attractively located community with a high level of existing amenities at a price that compared favorably to other market sales.  

CLP successfully sold Asher in July 2019.


Gallery

Photo of Asher

Property Details

Acquisition Date March, 2015

Disposition Date June, 2019

Address 10505 S IH 35 Frontage Rd
Austin, TX 78747

Number Of Units 452

Square Footage 414,030