Pegasus Real Estate Buys Austin Asset

Avia Equities, a recently formed investment firm, has sold The Wayman, a 284-unit multifamily community in Austin, Texas, formerly known as Ridgecrest.

Castle Lanterra Sells 2 in Texas

Castle Lanterra has sold a pair of apartment communities totaling 570 units in Corpus Christi, Texas. According to Castle Lanterra, the firm sold Azure, a 220-unit community, to Sundance Bay and Baypoint Apartments, a 350-unit community, to Pegasus Real Estate, for undisclosed prices.

Turtle Creek apartment tower goes to local investor

A Dallas-based property investor has grabbed a Turtle Creek apartment tower. Pegasus Real Estate bought the 152-unit Rienzi at Turtle Creek apartment building on Fairmount Street in Dallas’ Oak Lawn district.