Parkwood Terrace
View Offering Memorandum and Financials
Offering Summary:
- Location: Round Rock, TX
- Year Built: 2001
- Units: 144
Investment Highlights:
- Low-Density, Value-Add Asset in the Top-Performing Austin Suburb of Round Rock
- Numerous Capital Projects Completed, 35% Classic Units Remaining to be Upgraded and Opportunity to Implement Washer/Dryers into 134 Units
- Strong Effective Rent Growth: Parkwood Terrace’s Rents Have Increased Over 20% in Trailing 12 Months
- Opportunity to Implement Valet Trash, Tech Packages, and Community Amenity Fee
- Immediate Submarket Achieved 23.5% Annual Rent Growth with 97.7% Average Occupancy in 1Q22 (RealPage Data)
- Major Developments Nearby: Apple Campus, The District, Indigo Ridge, Kalahari Resort and Three Miles from Dell Technology HQ
Exclusively Listed by:
-
Jordan Featherston
First Vice President
-
Kent Myers
Senior Vice President
-
Will Balthrope
Executive Managing Director
