Active
Austin, TX
1125 Shady Lane
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Property Overview
The Opportunity
Acquired unique 7.95 infill acres in the heart of East Austin. The site is adjacent to the vibrant Govalle Neighborhood Park and will connect directly to the Walnut Creek Hike & Bike Trail. We were able to successfully secure a rezone from SF-3 to MF-4 allowing for 290 multifamily units. As part of entitlement completed a CH.26 process with the Austin Parks and Recreation Department and Army Corp. of Engineers. Unlocked tremendous value in the site and increased the appraised value of the land by 5X+. We are moving forward with the vertical development.
Competitive Advantage
Lessons Learned
Property Location
Documents & Financials
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Related Articles
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Investment Summary
Property Type:
Land
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Strategy:
Acquisition and Entitlements
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Address:
1125 Shady Ln, Austin, TX 78721
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Investment Date:
August 1, 2017
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Property Type:
Land
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Strategy:
Acquisition and Entitlements
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Address:
1125 Shady Ln, Austin, TX 78721
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Investment Date:
August 1, 2017
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Disposition Date:
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Exit Cap Rate:
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Realized Investor Return:
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Property Type:
Land
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Strategy:
Acquisition and Entitlements
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Address:
1125 Shady Ln, Austin, TX 78721
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Investment Date:
August 1, 2017
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Disposition Date:
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Hold Period:
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Residential
Algarita Lakeside
San Antonio, Texas
Value-Add Multifamily Acquisition of 293-units from distressed Tenant-In-Common "TIC" partnership.
Residential
Property Type:
Multifamily
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Property Type:
Multifamily
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Property Type:
Multifamily
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Land
Govalle
Austin, TX
Acquisition 2+ acres in East Austin to subdivide into single-family lots.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
12th & Hargrave
Austin, TX
Acquired 5.78 acres at a foreclosure auction in East Austin for future townhome development.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
Decker
Austin, TX
Acquired 58 acres off Decker Lane in East Austin. The acquisition was part of a land assemblage with multiple sellers. During entitlement, we subdivided the land selling a tract to our northern neighbor and retaining ownership of an industrial tract, and 20 acre multifamily tract.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
NB North
New Braunfels, TX
Off-market acquisition of 22.13 acres of fully entitled land for future multifamily.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
Johnny Morris
Austin,TX
Acquisition of 22.13 acres zoned Light Industrial. We were able to rezone to Multifamily within 6 months of acquisition. We are currently joint venturing to develop a 375-unit multifamily community.
Land
Property Type:
Land
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Land
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Property Type:
Land
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