Next City covered the Housing Authority of the City of Austin’s (HACA) recent, unusual purchase of a 308-unit luxury apartment building on the open market in partnership with a real estate investment trust (REIT). HACA’s new property, on Austin’s Wells Branch Parkway, is the second apartment complex HACA acquired in partnership with a REIT, the Community Development Trust, in order to provide more affordable housing.
Date Published:
November 29th, 2018