Boston, MA – (February 1, 2018) GID announced today that it has acquired Hanover Lantana Hills, a 300 unit apartment community located in Austin, Texas. The property is situated 6.5 miles southeast of downtown Austin in a neighborhood defined by picturesque scenery, high median incomes and strong school systems. Windsor Lantana Hills is located across the street from AMD’s Southeast headquarters and within 1.25 miles of NXP semiconductors, ARM semiconductors and Yeti Coolers. The Property is located near the Southwest Parkway which connects with the Mopac expressway into downtown Austin.
Built in 2016, the garden-style property is made up of seven residential buildings and one clubhouse, with surface parking and a limited number of private garages. The community features a resident lounge, catering kitchen, conference room, screening room, 24 hour fitness room and a business center within the clubhouse. The Property also offers an infinity edge pool, a quarter acre dog park, outdoor grilling areas and a hilltop fire pit with views of downtown. Unit finishes consist of nine-foot ceilings, three finish packages with quartz and granite kitchen countertops and mosaic tile backsplashes. Select units feature computer niches and double-bowl vanities.
Gary Kroll, Vice President and Director of Central Region Acquisitions at GID commented, “This transaction provided an opportunity to acquire a high quality asset in southwest Austin. It offers residents a rare living situation, featuring both beautiful natural surroundings and convenient proximity to downtown. We are pleased to add such a high quality asset into our expanding Austin Portfolio.”