Flora

Flora

View Offering Memorandum and Financials

Offering Summary:

  • Location: Austin, TX
  • Year Built: 2019
  • 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 $467,300, more than double the state average. In the fourth quarter of 2019, the Near North Austin submarket averaged 96.0 percent occupancy while maintaining 3.5 percent average rent growth
  • Major New Developments Nearby: Minutes from Mueller Development, Highland Redevelopment, and Apple’s new $1 billion campus

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