Avia Sanctuary at Highland Mall is an urban oasis in the heart of Austin. While this Class B multifamily community is just minutes from popular retail and dining attractions, the property itself is secluded, surrounded by lush landscaping and a plethora of fruit trees. Acquired in early 2021 as a Habitat Suites hotel, this property joins the PEG Extended Stay Conversion Fund, L.P. [PEG ESCF], a fund specifically dedicated to the conversion of discounted extended-stay hotels into quality Class-B multifamily housing. As part of the conversion process, PEG is adding a fitness center, workspace areas, cosmetic updates to the units, and more.