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Weidner Acquires 349-Unit Cedar Park Rental Asset
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Weidner Acquires 349-Unit Cedar Park Rental Asset
Weidner Apartment Homes purchased The Alden at Cedar Park, a 349-unit asset in Cedar Park, Texas. Starlight Investments sold the property. The community was 95 percent occupied. Cedar Park is NW of Austin. Multihousing News reports that Berkeley Point Capital, a subsidiary of Newmark, issued a $47.3 million Fannie Mae acquisition loan. Newmark brokered the deal on behalf of the seller and arranged the loan for the buyer. Starlight acquired the b…
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