CWS Apartment Homes Acquires $55 Million Austin Community Austin, TX
CWS Apartment Homes announces the acquisition of Westerly 360, a 189-unit mid-rise apartment building in Austin, Texas. The property was developed in 2018 and consists of 187,365 rentable square feet in two four-story residential buildings and six three-story townhome buildings. This acquisition increases the firm’s Austin-based holdings to more than 6,700 residential units.
The property is located at the junction of Loop 360 and South MoPac Expressway adjacent to Barton Creek Square shopping mall. This location offers the ideal mix of walkable convenience to the area’s entertainment while being only minutes from downtown Austin and the Austin-Bergstrom International Airport.
The community contains a mix of one- and two-bedroom apartment homes along with two- and three-bedroom townhomes. Floor plans range from 700 to 2,195 square feet. The property’s amenities include a resort-style swimming pool, a bocce ball court, a fitness center, a spin and yoga studio, and an entertaining clubhouse.
CWS Apartment Homes’ Vice-President of Property Integrations, Marcellus Mosley, explains, “Westerly 360 is the newest acquisition in Austin, Texas by CWS. Westerly 360 is located in an Austin 'sweet spot,' nestled in the scenic hill country while being conveniently located to the central business district, airport, shopping, and Austin's world famous live music venues. We are confident in our ability to provide our signature customer engagement experience that will only be enhanced by the beautifully designed apartments and well-appointed three-story town homes.”
CWS Apartment Homes will provide the day-to-day management services for the community.
About CWS Apartment Homes, LLC
Founded in 1969, CWS Apartment Homes is a fully integrated real estate investment management company specializing in the acquisition, development, repositioning, and management of luxury apartment communities in fast growing American cities. CWS Apartment Homes currently manages more than 28,000 units of luxury apartments with a considerable presence in Texas and other metropolitan areas across the nation including: Georgia, North Carolina, Colorado, Arizona, Washington, and California. Our management team is composed of more than 800-team members who ensure our assets are well-maintained and our residents are satisfied.