McCann Realty Snaps Up Texas Apartment Complex

Law360, New York (December 15, 2011, 2:41 PM EST) -- Virginia-based residential real estate company McCann Realty Partners LLC has landed an apartment complex in Austin, Texas, the company's first entry into the Austin market, McCann announced Thursday.

McCann's Chief Information Officer Brand Inlow said the purchase of the 208-unit Remington Hills apartment complex closed Dec. 9. McCann has also inked a property management deal with Pegasus Residential LLC to manage the complex, he said.

Inlow said McCann acquired the complex for $798 per unit, putting the total value of the deal at about $165,000. He...
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