Residences at the Triangle
CLP acquired the residential portion of the Residences at the Triangle in July 2020. The property is a Class A, 529 unit-multifamily opportunity located in Austin, TX. The Triangle is a modern six-building residential complex boasting 111,000 square feet of popular local and national retailers as well as commercial space. The property’s central location – equidistant from Downtown and the Domain – provides easy access to Austin’s top economic, education and technology hubs. Surrounded by the University of Texas, Dell Medical School, the U.S. Army Futures Command, Texas Health and Human Services Commission’s new headquarters (expected to employ 2,500 people), as well as the biggest names in the technology industry. The asset is therefore well positioned for resilience during any economic downturns. We are excited to implement our value-add program and benefit from the strong demand for Class A units.