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Newly Constructed Multi-Family Community
~$25M JV opportunity to acquire a ~$101M newly constructed class AA multi-family community at a discounted price. Built in 2022 with 350 units currently undergoing lease-up. Asset is located in one of the fastest growing pockets of North Austin, close to major freeways, high end retailers, and large employers. Area demographics have seen a 50%+ population growth from 2010 - 2022 and has a median income of $112k.
Property has seen impressive leasing velocity while also increasing rents.
Features include high end finishes, impeccable design and luxurious amenities. It is situated close to major employers such as Dell, Amazon, Apple, Tesla, Samsung, Emerson, Applied Materials, St. David’s Healthcare, and Baylor Scott & White.
~$25M JV Opportunity
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