Ara Newmark Houston

ARA Newmark announces the sale of Promesa, a 289-unit luxury community in affluent west Austin, surrounded by scenic Texas hill country. Promesa, one of the capital city’s first eco-friendly complexes, was approximately 93 percent occupied at closing.

Austin-based Vice Chairman Pat Jones represented an undisclosed seller and procured Peak Real Estate Management, a Houston-based real estate investment and management company, as the buyer for an undisclosed price.

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