View Offering Memorandum and Financials

Offering Summary:

  • Location: Austin, TX
  • Year Built: 2020
  • Units: 194

Investment Highlights:

  • New Construction, Mid-Rise Asset: Best-in-class unit features and community amenities such as 12-foot ceilings, granite countertops, stainless steel appliances, elevator access, resort-style pool, and music studio.
  • Strong Employment Drivers Nearby: Nearly 150,000 jobs within a three-mile radius of Flora – University of Texas at Austin, AT&T, Facebook, Dell Children’s Medical Center, etc.
  • Outstanding Submarket Fundamentals: The average home price in the area is $571,572, more than double the state average and a 16 percent increase from 2019. In the fourth quarter of 2020, the submarket averaged 94.5 percent occupancy with stable, positive rent growth.
  • Major New Developments Nearby: Minutes from Mueller Development, Highland Redevelopment, and Apple’s new $1 billion campus.

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