AUSTIN, TX – Located in the Northwest submarket of Austin, Summer Grove Apartments was built in 1984 and features garden-style residences including amenities such as a pool, fitness center, and pet park. Daniel Elam of Muskin | Elam Group represented the seller out of Chicago. This property was purchased by an Austin-based investment firm, Monterra Capital Partners (MCP), for an undisclosed price.  MCP intends on deploying a capital improvement plan on both the interiors and exterior.

About Muskin | Elam Group – Muskin | Elam Group is a privately held multifamily real estate brokerage, sales, analysis and investment firm based in Austin, Texas. Our company offers a complete array of services to help owners and investors focus on their own assets and locating new purchases in the dynamic Austin market and surrounding areas. Muskin | Elam Group focuses exclusively on multifamily assets with a “local approach” to the Austin apartment market, understanding the unique attributes that make this city among the preeminent investment markets in the United States. Muskin | Elam Group has spent over two decades focusing on special neighborhoods, submarkets and general areas tracking market trends, ownership and providing a historic view of all multifamily assets and their niche in the overall marketplace.

Contact:                                                                                                                                                              Daniel Elam
Principal | Muskin Elam Group, LLC
512.343.2700 | daniel@muskin-elam.com | www.muskin-elam.com