Austin Multifamily

Value-add acquisition of operationally distressed multifamily property in Austin, TX.
160 units; ~110,000 gross square feet

Opportunity at Acquisition

— Acquire operationally distressed Class B multifamily asset

— Central location in Austin with proximate access to multiple job centers, social outlets, the airport, downtown, and the Domain area.

— Efficient floor plans and good vintage (1984)

Business Plan

— Opportunity to reposition asset and increase revenues by improving asset quality

— Financed with low interest fixed-rate loan (non-recourse)

— Signed 144 new leases in the first year of ownership

— Improved cash collection ratio by 70%


— Equity, Renovation, Lease-up

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Before + After