Rastegar Property Company announced Dec. 18 it purchased the Plaza 38 apartment complex located at 206 W. 38th St., Austin. The 48-unit multifamily property features one- and two-bedroom units. The real estate investment company recently purchased properties in the St. John’s, Clarksville, Brentwood and Bouldin Creek neighborhoods. 512-729-7777. www.rastegarproperty.com