Law360, New York (June 12, 2012, 7:51 PM ET) -- MIG Capital's real estate division has acquired The Cottages, a 330-unit luxury apartment community in Austin, Texas, and plans additional investment in the state this year, the investment company announced Monday.
The California-based company plans to spend in Texas a "significant portion" of the $600 million pool it has slated for investments this year, it said in a statement. The company declined to specify the purchase price for the Austin property.
"We continue to identify areas of major growth for investment, and Texas seems to be...
MIG Capital Builds Texas Holdings With Austin Complex
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