AUSTIN, TEXAS — PEG Cos., a commercial real estate investment firm based in Provo, Utah, has sold AVIA Sanctuary at Highland Mall to an undisclosed buyer. AVIA Sanctuary at Highland Mall is a newly converted development in Austin that previously operated as the Habitat Suites extended stay hotel. PEG Cos. purchased the property in 2020. The community now comprises 96 units and offers amenities such as a clubhouse, fitness center, co-working spaces and a pool.
PEG Cos. acquired AVIA Sanctuary at Highland Mall during the initial COVID-19 outbreak in 2020. The development has since been converted from a hotel to a 96-unit community.
PEG Cos. Sells 96-Unit Hotel-to-Multifamily Conversion in Austin, Texas
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