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Business Now: Crossbeam hopes to dive into Austin rental market
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Rental occupancy is at about 96 to 97 percent around Austin.
Now Crossbeam Capital, a Maryland-based company, has its eyes on the city’s apartment market.
“They’ve raised a $300 million in funds. They’re looking at Texas to put that money, but primarily Austin and the Austin market,” Austin Business Journal Editor Colin Pope said.
In recent months, the company has bought three apartment complexes in Austin. They’re also looking to build new complex.
Learn more about their intent to buy and build in this edition of Business Now. You can read the full story by clicking here.