Arc Capital Partners, a real estate investment platform formed by 20-year industry veterans Quincy Allen and Neville Rhone, has acquired The Establishment, a 139-unit apartment community in the South Congress submarket of Austin, Texas. The company partnered with Cardinal Group Investments to acquire the property on November 22, 2013. The Establishment was acquired in an off-market transaction and is located in an emerging community that is only 10 minutes from downtown Austin.