AUSTIN, TX – Virga Capital closed on its first multifamily acquisition in the Austin metropolitan area with the buy of The Beacon at Pfluger Farm, a 258-unit Class A apartment community located in Pflugerville, Texas.
Built in 2022, The Beacon at Pfluger Farm is a three-tale, garden-style community offering a balanced mix of one-, two-, and three-bedroom residences with an average unit size of approximately 890 square feet. The property features contemporary interior finishes and a market-leading amenity package that includes a clubhouse, resort-style swimming pool, two fitness facilities, coworking and resident lounge spaces, private garages, and outdoor gathering areas.
The Beacon at Pfluger Farm is located within a 10-minute walk of the 1.5 million-square-foot Stone Hill Town Center, providing residents with immediate access to a wide range of restaurants, retailers, and entertainment options. Situated in the high-growth Pflugerville submarket, the property benefits from limited near-term supply, proximity to technology and advanced manufacturing employers, and strong regional connectivity via State Highway 45 and State Highway 130.
“We bought The Beacon as Austin’s multifamily supply pipeline is falling off a cliff following years of elevated deliveries,” said Robert Lateiner, Founder and CEO of Virga Capital. “That dynamic has made a generational opportunity to invest in one of the nation’s strongest long-term growth markets at a cyclical low. With 2025 absorption exceeding 20,000 units—roughly double the historic average—this acquisition positions Virga as a front-runner ahead of the return of large-scale institutional capital. The window to invest in Austin multifamily is open, but it is closing quickly.”

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CHARLOTTE, NC – The Republic Family of Companies, through its Charlotte subsidiary Republic Development Group, and Esen announced a joint venture to develop a new mixed-use community at 700 and 800 Central Avenue. Located just east of Uptown in the historic Plaza Midwood neighborhood, the project will feature approximately 370 multifamily units and 3,000 square feet of ground-floor retail space. Construction is plotted to start in mid-2026.
The development represents a significant investment in one of Charlotte s most culturally rich corridors. Plaza Midwood, which originated in the early 1900s as the city s first “streetcar suburb,” owes its unique character to the 1903 streetcar line that ran down Central Avenue. This new project, located at Central Ave and Piedmont St, is designed to honor this history while meeting the modern demand for walkable, amenity-rich living.
“We are thrilled to bring a project of this caliber to Plaza Midwood, a neighborhood that offers historic charm within reach of Charlotte s economic center,” said Adam McMichael, Managing Director and Charlotte Lead for Republic. ” Charlotte s demand for well-located, thoughtfully crafted housing continues to grow, and this project answers that need. For us, this is about more than building housing; it s about welcoming new residents to one of the Southeast s most desirable neighborhoods.”
The partnership brings together two powerful real estate entities. Republic, led by Chairman Richard Kramer, encompasses a diverse portfolio of businesses including Republic Properties Corporation and Republic Urban Properties. Esen, a recently established venture formed by seasoned developers, focuses on urban developments grounded in purpose-driven design.
“This partnership between Republic and Esen reflects a shared belief in Charlotte s future and a shared vision for this site,” said Dave Boillot, Chief Investment Officer of Esen. “We are incredibly excited to enter the Charlotte market alongside a partner with Republic s track record. We believe our Central Avenue project will set a new standard for living in Plaza Midwood.”

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SAN FRANCISCO, CA – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced that it has sold Villages at Parktown, a 309-unit garden-style community in Deer Park, Texas. The firm sponsored the acquisition of the property in May 2014.
“We are thrilled with the sale of Villages at Parktown,” said Anthony Ly, senior director of transactions at Hamilton Zanze. “This community represented a unique opportunity in a limited-supply submarket, and its larger units, including some as spacious as 1,600 square feet, proved highly attractive to residents. By building on that foundation through unit upgrades and the addition of a brand-new clubhouse and pool, we were able to make a better resident experience.”
Situated at 500 W Pasadena Boulevard, Villages at Parktown features one-, two-, three- and four-bedroom homes ranging from 810 to 1,600 square feet. The Gulf Plains location is approximately 20 miles southeast of Houston and 10 miles west of Trinity Bay. The commuter-friendly location easily connects to Highway 225 (Pasadena Freeway), Interstate 10 and the Sam Houston Tollway, which provide connectivity to the greater Houston area and beyond.
Common-area amenities at the pet-friendly community include an Olympic-sized swimming pool, sundeck, barbecue/picnic area, fitness center and an onsite playground. Homes include walk-in closets, air conditioning, ceiling fans, washer/dryer connections and private patios or balconies. Select homes feature wood-style flooring, quartz countertops, stainless steel appliances, subway tile backsplashes, custom cabinetry and private yards.
Villages at Parktown is surrounded by dining, entertainment and recreational options, including The Battleground Golf Course and San Jacinto Battleground State Historic Site. Several grocery options are within a small commute, as well.
The sale represented Hamilton Zanze’s ninth disposition of 2025. The firm has sold over $4.5 billion in multifamily properties since its founding in 2001.

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