Asset Highlights

  1. Location | Austin, Texas is one of the fastest growing metros in the US. The property is 7 miles from downtown and 3 miles from Mueller Airport redevelopment.

  2. Asset Quality | The property has high quality amenities and infrastructure including: a resort-style pool, business center, enclosed garages, playground and dog park.

  3. Proven value-add strategy | 59 of the 284 units have already been renovated and are generating an average of $250/mo rental premium

Strategy Highlights

  1. Off-market acquisition

  2. 118 units will be renovated at $4,000/unit average cost

  3. 38 units will be renovated at $7,000/unit average cost

  4. 24 months to complete renovations; 7 year target hold period

Join Managing Partner, Mark Khuri, for an update on some of the growth we are seeing in the Austin, Texas real estate market.

Read our article:

Where are we investing? …a spotlight on Texas >