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The Michaels Organization Sells Zoey Apartments in Austin, Texas

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Press Release

Aug 30, 2022 13:00 EDT

The Michaels Organization, a national leader in residential real estate, announced today that it has completed the sale of Zoey Apartments, a newly constructed premier apartment community in the fast-growing market of Austin, Texas.

“Michaels’ ability to develop first-class properties, especially in markets where the housing demand is so rapidly outpacing supply, allows us to offer attractive returns to our investors and capital partners while supporting our future growth,” said Michael Flannagan, Executive Vice President of Development at The Michaels Organization.

The $59.2 million Zoey development began leasing in early August and at the time of sale was 82…

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