Heitman Nets 279-Unit Multifamily Complex in North Austin

Heitman, a real estate investment management firm headquartered in Chicago, acquired The Kenzie at The Domain at 3201 Esperanza Crossing in Austin from Dallas-based StreetLights Residential for $63.5 million, or approximately $228,000 per square foot.

Will Balthrope and Drew Kile of Marcus & Millichap’s Institutional Property Advisors division represented the buyer and the seller in the sale. [CoStar]