Investment Sales

AUSTIN, TEXAS — Locally based HPI Real Estate Services and Investments has broken ground on The Kent, a 396-unit development in North Austin. The general contractor is OHT Partners, the architect is Belshaw Mulholland Architects, and Ellie Aiello Interiors is the interior designer. Greystar will manage the property. Completion of the seven-story community is slated for mid-2029. HPI is investing approximately $20 million of its own capital in The Kent, alongside a group of private investors. The total project cost was not disclosed.

KERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of Park Hill, a 49-unit property in Kerrville. The buyer, seller and sales price were not disclosed. Ben Kalter, Will Balthrope and Drew Garza, based in Marcus & Millichap’s San Antonio office, marketed the property on behalf of the seller, a local investor, and procured the Boerne, Texas-based buyer. Park Hill is located at 815 Ranchero Road and was built in 1977. The buyer is planning to renovate the property.

PLANO, TEXAS — Newmark has arranged the sale and financing of Hathaway at Willow Bend, a 229-unit community located at 2525 Preston Road in Plano. Richard Furr, Brian O’Boyle Jr., Brian Murphy and Jack Forman represented the seller, S2 Capital Acquisitions, in the transaction. Brian Kochan and Michael Caglianone arranged an undisclosed amount of acquisition financing on behalf of the buyer, Granite Towers Equity Group. Located along Preston Road in West Plano, Hathaway at Willow Bend is a garden-style community offering one-, two- and three-bedroom units, including some townhome floor …