Recently Delivered, Fully Stabilized Asset in Austin, Texas: Completed in 2023, the 300-unit community offers investors a stabilized, high-occupancy asset with proven leasing performance since delivery
Austin’s Premier Tech & Manufacturing Growth Corridor: Located in the Tech Ridge submarket along Dessau Road near Interstate 35. The property provides convenient access to major employers including Samsung, Tesla, Dell, General Motors, and Home Depot’s Technology Center, placing residents near one of the region’s largest concentrations of high-paying jobs
Exceptional Demographic Fundamentals: Northeast Austin has experienced explosive growth over the past 15 years and is supported by strong resident demographics, including a median household income approaching $100,000 and an average resident age of approximately 32 years old
Tax-Advantaged Housing Authority Structure: Long-term HACA ground lease provides a 100% real estate tax exemption and effectively eliminates ongoing ground rent, creating a highly efficient operating structure with 153 affordable units (51% of the community)
Limited Competitive Supply Supports Future Performance: With minimal new multifamily development projected in the immediate area, Bridge at Paloma is well-positioned to benefit from favorable supply-demand dynamics and sustained occupancy levels
