Avesta Goes With The Current


The Austin community is near a major new campus planned by Oracle.

Austin, Texas—The Current, a 300-unit community in Austin, has been acquired by Avesta Communities from Austin-based Thrive FP in an off-market deal. At the time of the sale, the community was 93 percent occupied. Formerly known as Bluffs at Town Lake and Longhorn Station, the property will be rebranded Avesta South Shore. ARA Newmark arranged the transaction, the fourth time in eight years that it has sold the asset. Terms were…Click here to read the whole story on multihousingnews.com