ARA Newmark Arranges Sale of 7East in Austin

August 29, 2017

ARA Newmark announced the sale of 7East, a recently-built 186-unit community located in East Austin. At the time of the transaction, the property was 94 percent leased. Vice Chairman Pat Jones represented owners Stonelake Capital Partners and Ardent Residential in the deal. The buyer is GF Properties Group, a wholly-owned subsidiary of the Southern Ute Indian Tribe Growth Fund.

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