Real estate investment firms Lion Real Estate Group and Marble Partners recently acquired a 210-unit multifamily property in Austin, Texas. Sofia Apartments, located at 2201 Willow Creek Drive, is the third multifamily acquisition in the immediate area for Los Angeles-based Lion Real Estate Group and Marble Partners. Interest remains strong in the Austin real estate market, particularly as software giant Oracle’s Southeast Austin campus opened in 2018 with plans for expansion. In the coming years, mixed-use development Project Catalyst will soon join Oracle on East Riverside Drive.
Completed in two phases, approximately half in 1973 and half in 1983, Sofia’s amenity package includes a swimming pool, basketball court, and picnic/BBQ area. The property is conveniently located to several parks and recreation centers, the Downtown and Plaza Saltillo Rail Stations, and the Austin-Bergstrom International Airport.