National Multifamily Investment Firm Calvera Partners Completes Sale of 304-Unit Terrace Cove in Austin Despite Market Headwinds
SAN FRANCISCO, CA - Calvera Partners, a national real estate investor and operator, is pleased to announce the sale of Terrace Cove, a 304-unit apartment complex in Austin, TX. The property was part of Calvera’s Multifamily Transformation Fund, initially launched in 2019. “When we acquired the property in February 2020, we had a grand vision to fully rebrand and renovate the asset in-line with Calvera’s typical business plan. Just over a month later we had to navigate the...
Source: multifamilybiz.com
