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California REIT has funneled hundreds of millions of dollars into Austin in past year — but where and why?

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California REIT has funneled hundreds of millions of dollars into Austin in past year — but where and why?

A California-based real estate investment trust has quietly amassed nearly 2 million square feet of Austin real estate. It isn’t speaking about its plans but public documents shed light on what the firm owns. Plus, its track record of developing “mega campuses” around the country provides some additional context.