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Asset Highlights

  1. Location | Austin, Texas is one of the fastest growing metros in the US. The property is less than 8 miles from The Domain, an area quickly becoming Austin’s second downtown.

  2. Asset Quality | Originally built in 1983 in an excellent location, the previous owner already renovated 2/3 of the units.

  3. Proven value-add strategy | The market has proven it will absorb a rent premium for the renovated units, our operating partner will complete renovations on the remaining units.

Strategy Highlights

  1. 67% of units have been renovated

  2. Renovated units are achieving a $115/mo premium

  3. Operational improvement will further benefit NOI

  4. 2-tier equity structure with a portion of our investment in both a fixed-yield preferred equity position and a profit-based equity position to maximize returns.

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