AUSTIN, Texas — JLL Capital Markets has arranged the sale of ArborView, a 151-unit active adult community in Austin.
JLL represented the seller, Cadence Multi-Family, in the sale of the property to Sparrow Partners. The buyers assumed the existing HUD financing on the project. The price was not disclosed.
Opened in 2021, ArborView is located in Greyrock Ridge within the Circle C Ranch master-planned community in southwest Austin. Development of Circle C Ranch began in 1982 and today the community includes over 6,400 homes.
Neighborhood amenities include an 18-hole golf course, tennis club, swim center and more than 500 acres of dedicated park land. Circle C Ranch is served by the Escarpment Village shopping center, which includes a variety of upscale restaurants, shops and an HEB grocery store.
Charles Bissell led the JLL Capital Markets Investment Sales and Advisory team.