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Investment Details

Acquisition Date
11-Jun-2015

Investment Summary

Acquired in the 2nd quarter of 2015, Lantana Trace Apartments is a 112-unit, garden- style community built in 1972 and is comprised of 19 studio,  87 one- bedroom, and six two-bedroom units.  The property’s  ten, two-story buildings are located in north-central Austin nearby several other ACA holdings.   Lantana Trace was 98% occupied upon acquisition, though ACA saw an opportunity consistent with its strategy to increase rents through capital improvements, and maximizing operational efficiency.   ACA and its wholly owned management company,  ACA Property Managment, has effectively executed on this strategy as Lantana Trace has benefited from a 21.4% increase in average rents since acquisition.*

*updated 3/17/2017

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