Property Overview

CLP acquired the 452-unit Asher community (re-branded 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.  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.


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