Completed
Austin, TX
J Bouldin Condominiums
.jpg)
Click to view all photos
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
No items found.
The Opportunity
Sourced off-market, acquired infill 1.41 acres from the Boys & Girls Club of Austin to develop a 38-unit luxury condo development off S. Congress in Austin, TX. Designed and permitted the project which included 5 townhomes, 30 flats units, and 3 units converted from the existing church structure. After contracting to sell 76% of units, sold the permitted project to infill condo developer to complete. Strong demand for infill condos in the area combined with virtually no new supply due to compatibility setbacks made this a rare three story development opportunity.
Competitive Advantage
Lessons Learned
Property Location
Documents & Financials
No items found.
Related Articles
No items found.
Investment Summary
Property Type:
Condominiums
N/A
Strategy:
Ground Up Condo Development
N/A
Address:
211 W Johanna St, Austin, TX 78704
N/A
Investment Date:
June 1, 2014
N/A
Est. Hold Period:
2.2 Years
N/A
Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Est. Exit Cap Rate:
N/A
Investor Preferred Return:
N/A
Property Type:
Condominiums
N/A
Strategy:
Ground Up Condo Development
N/A
Address:
211 W Johanna St, Austin, TX 78704
N/A
Investment Date:
June 1, 2014
N/A
Disposition Date:
August 1, 2016
N/A
Hold Period:
2.2 Years
N/A
Realized IRR:
15%
N/A
Equity Multiple:
1.37 X
N/A
Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Exit Cap Rate:
N/A
Realized Investor Return:
N/A
Property Type:
Condominiums
N/A
Strategy:
Ground Up Condo Development
N/A
Address:
211 W Johanna St, Austin, TX 78704
N/A
Investment Date:
June 1, 2014
N/A
Disposition Date:
August 1, 2016
N/A
Hold Period:
2.2 Years
N/A
Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Cap Rate at Close:
N/A
Realized Investor Return:
N/A
Residential
Algarita Lakeside
San Antonio, Texas
Value-Add Multifamily Acquisition of 293-units from distressed Tenant-In-Common "TIC" partnership.
Residential
Property Type:
Multifamily
N/A
Property Type:
Multifamily
N/A
Property Type:
Multifamily
N/A
%20Large.jpeg)
Land
NB North
New Braunfels, TX
Off-market acquisition of 22.13 acres of fully entitled land for future multifamily.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
Land
Windcrest
San Antonio,TX
Acquisition of two (2) land tracts totaling 12.2 acres for entitlement and sale in Windcrest, northeast of downtown San Antonio.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
Commercial
Delta Drive - Laredo Industrial
Laredo, TX
Off-market acquisition of a 72,868 SF tilt wall industrial warehouse in Laredo's historically 99% occupied San Isidro submarket.
Commercial
Property Type:
Industrial
N/A
Property Type:
Industrial
N/A
Property Type:
Industrial
N/A
Residential
Prose Lonesome Quail
New Braunfels, TX
Prose Lonesome Quail is the development of a 390-unit, 3-story garden style multifamily community in New Braunfels, TX, one of the fastest growing cities in the US.
Residential
Property Type:
N/A
Property Type:
N/A
Property Type:
N/A
Residential
Elevate At Fillmore
Colorado Springs, CO
Elevate At Fillmore is the development of a 196-unit, Class-A multifamily community in northwest Colorado Springs, CO.
Residential
Property Type:
N/A
Property Type:
N/A
Property Type:
N/A
Have questions? Our team is here to help
Schedule an introductory call with BCP's executives to align your investment goals with tax-efficient and profitable strategies.
