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November 12, 2024 11:00 AM

�ǿ�����app���� announces the sale of Brisa Townhomes, a 126-unit townhome community located at 4810 Brisa Way in Bee Cave, Texas, just west of Austin. �ǿ�����app���� Multifamily Capital Markets Vice Chairman Patton Jones and Managing Director Andrew Dickson represented the undisclosed seller in the sale to the buyer, Virginia-based AvalonBay Communities. The community has been renamed Avalon Townhomes at Bee Cave.

“Brisa Townhomes presented investors with a rare opportunity to acquire a build-to-rent community in the highly desired Bee Cave submarket of West Austin,�� said Jones. “As the cost of single-family housing remains high, more renters are seeking highly amenitized luxury rental communities, particularly in the Bee Cave/Lake Travis area.��

Constructed in 2022, Brisa Townhomes is a low-density, two-story community featuring three- and four-bedroom floorplans, each with direct access two-car garages. Spanning nearly 17 acres, the property boasts scenic views of the Hill Country and Falconhead Golf Club. Residents enjoy a host of premium amenities, including a pool, an outdoor kitchen with grills, a private conference room, a fully equipped fitness center and walking trails.

Brisa Townhomes is within the top-rated Lake Travis School District and is surrounded by affluent single-family residences, prestigious schools and multiple country clubs and golf courses. The property is also conveniently located near upscale retail and upcoming mixed-use developments, including Hill Country Galleria, Village at Spanish Oaks and the Future Brodie Oaks District.

About �ǿ�����app����
�ǿ�����app���� Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“�ǿ�����app����”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. �ǿ�����app����’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, �ǿ�����app���� provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, �ǿ�����app���� generated revenues of over $2.6 billion. As of that same date, �ǿ�����app����’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit or follow .

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