An entity of Entities of Jevan Capital PLLC purchases a 160-unti, residential community in Austin market.

February 20, 2014

1735 Rutland Communities LP, an entity of Entities of Jevan Capital PLLC (Jason Buxbaum: 602-888-0800, jasonb@jevancapital.com) has purchased Woodmark, a 160-unit, Class B community located at 1735 Rutland Drive in the Northern submarket (495R), from AHC Woodmark LP, an entity of AH Property Management (Paul Forbes: 713-808-1234, pforbes@allenharrisonco.com). The 28-year-old property is fully occupied with average rents at $1.11 per square foot. The community features one-, and two -bedroom ranging in size from 450 square feet to 935 square feet; average rents range from $0.96 to $1.34 per square foot. The garden style community is located on 6.43 acres. Property amenities include business center, swimming pools, social activities, access gates, and club house. Unit amenities include crown molding, outside storage, pantry, frost free, walk-in closets, patio/balcony, icemaker, garden tubs, vaulted ceilings and disposal. Pets are allowed at the community with limit of two. The deposit for the pet is $43 -$243 with a fee of $250.

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