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Active
Austin,TX

Johnny Morris

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The Opportunity

Located at the gateway to Austin's developing 183-East submarket, BCP's investment in 22.13 acres at the intersection of Johnny Morris Rd and Loyola Lane will ultimately deliver a shovel-ready multifamily site entitled for a 375-unit apartment community. Positioned just south of the highly anticipated Colony Park Master-Planned development, the site is on the forward edge of massive growth in its submarket.

Competitive Advantage

Lessons Learned

Property Location

Documents & Financials

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Investment Summary

Property Type:
Land
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Strategy:
East Austin Land Entitlement
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Address:
6402 Johnny Morris Rd, Austin, TX 78724
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Investment Date:
December 14, 2021
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Investor Preferred Return:
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Property Type:
Land
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Strategy:
East Austin Land Entitlement
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Address:
6402 Johnny Morris Rd, Austin, TX 78724
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Investment Date:
December 14, 2021
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Disposition Date:
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Total Capitalization:
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Loan To Cost Ratio:
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Exit Cap Rate:
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Realized Investor Return:
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Property Type:
Land
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Strategy:
East Austin Land Entitlement
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Address:
6402 Johnny Morris Rd, Austin, TX 78724
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Investment Date:
December 14, 2021
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Disposition Date:
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Hold Period:
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Total Capitalization:
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Loan To Cost Ratio:
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Cap Rate at Close:
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Realized Investor Return:
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Investment Summary

Property Type:
Multifamily
Realized IRR:
14.35%
Realized Equity Multiple:
2.15x
Hold Period:
6.5yrs

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.