The Morgan

A joint venture of California-based Archway Equities, Dallas-based CAF Capital Partners and Cleveland-based Citymark Capital acquired the mid-1980s community in September 2021 from 1801 Wells Branch LLC; the Austin American-Statesman put the value at roughly $54.2 million and reported the property 95 percent leased at closing. The buyers set out to finish renovating the remaining 55 percent of homes, adding vinyl plank flooring, new countertops, stainless steel appliances, Nest thermostats, recessed lighting and upgraded kitchen and bathroom fixtures. It traded for a time under the name The Morgan by CAF and is now managed by Greystar. One-bedrooms run 547 to 712 square feet and two-bedrooms 934 to 1,070. Some homes have fireplaces and built-in bookshelves; the grounds include two pools, a hammock lounge, walking trails, a dog park and door-to-door trash pickup.