LAGO VISTA , TX (AUSTIN)

168 UNIT, Class A New Duplex/Triplex Development

An Award-Winning City

168-Unit Class A New Duplex/Triplex Development in the Lago Vista suburb of Austin, Texas, located on 27.7 acres. The City of Lago Vista is a Blue Legacy Award recipient and a Gold Certified Scenic City. Lago Vista median household income is $83,819, 76% higher than the Texas state median household income.

Key Deal Points

POPULATION GROWTH

Since 2000 the population of Lago Vista has grown 67.7%, with 24.6% of the growth occurring since 2010. (City Data)

ECONOMIC GROWTH

154 companies have announced plans to relocate their corporate office or significantly expand existing operations in the Austin MSA. (KVUE)

INVESTOR FRIENDLY

REIT Group’s vertically integrated family of companies ensures a “boots on the ground” presence is maintained throughout the asset life cycle.

The abundant job market is driving a highly educated workforce here, meaning renters can afford more and are willing to pay for it, given the city’s highly desirable amenities.
– The Motley Fool, April 11, 2021

Projected Returns

20+ %

IRR

2.X +

Equity Multiple

10%+

CoC

5 - 7 Year

Hold

For More details

Austin continued to showcase strength in pandemic times. The metro’s economy ranked first among major U.S. cities – employment contracted by only 2.8% year-over-year through November, while the national figure shrank by 7.8%.
– Multi-Housing News, Austin Multifamily Report, March 25, 2021

Property Highlights

AUSTIN NEW DEVELOPMENT

Community Amenities

Resident Dog Park

Community Clubroom

Private Community Pool

Outdoor Kitchen and Pergola

Fitness Center

Fire Pit with Lounge Area

168 Duplex Development Plat

Investment Highlights & Overview

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