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Investment Details

Acquisition Date

Investment Summary

Acquired in the Q4 of 2015, Villas Del Sol Apartments is a 394-unit, garden- style community built in 1978 and 1982 and is comprised of two hundred and eight-one bedroom, eighty-six two bedroom, and fifty-six studio units. Located in Austin's North Central submarket, 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 15.1% increase in average rents since acquisition.*

* as of 3/31/2017