MIG Capital Builds Texas Holdings With Austin Complex

Law360, New York (June 12, 2012, 7:51 PM EDT) -- 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...
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