GEORGETOWN, Texas — JLL Capital Markets has arranged the sale of Northstar Georgetown, a 210-unit, upscale, low-rise active adult community in Georgetown, a suburb of Austin.
JLL marketed the property on behalf of the seller, Chalk Hill Ventures. A joint venture between Bain Capital Real Estate and Capitol Seniors Housing acquired the property. The price was not disclosed.
Completed in 2021, Northstar Georgetown is an age-restricted (55+) community comprising one- and two-bedroom units averaging 1,016 square feet. The number of units was not released.
Located on 11.5 acres the community is positioned near Interstate 35 and State Highway 130, providing access to downtown Austin and the surrounding area. In addition, Northstar Georgetown is near local retail and entertainment centers, including Round Rock Premium Outlets, Georgetown Square, University Oaks Shopping Center, Inner Space Cavern and Dell Diamond Stadium. Also nearby is the Seton Medical Center, Baylor Scott and White Medical Center and Austin Community College, offering proximity to healthcare, higher education and employment hubs.
Ryan McBride, Joe Dowdle, Zach Rigby and Sean Sorrell led the JLL Capital Markets Investment Sales and Advisory team representing the seller.