Park at Crestview
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Property Overview
The Opportunity
Heavy value-add acquisition of a 248-unit multifamily community in North Austin purchased from a California probate trustee due to the passing of the majority owner. Performed a full renovation of 65% of the units, along with redesigning and improving community amenities. Leased project to 95% stabilization prior to sale.
Competitive Advantage
Lessons Learned
Property Location
Documents & Financials
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Related Articles
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Investment Summary
Property Type:
Multifamily
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Strategy:
Value Add
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Address:
8220 Research Blvd, Austin, TX 78758
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Investment Date:
November 1, 2011
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Est. Hold Period:
1.9 Years
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Total Capitalization:
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Loan To Cost Ratio:
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Est. Exit Cap Rate:
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Investor Preferred Return:
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Property Type:
Multifamily
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Strategy:
Value Add
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Address:
8220 Research Blvd, Austin, TX 78758
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Investment Date:
November 1, 2011
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Disposition Date:
October 1, 2013
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Hold Period:
1.9 Years
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Realized IRR:
66.50%
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Equity Multiple:
2.54 X
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Total Capitalization:
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Loan To Cost Ratio:
N/A
Exit Cap Rate:
N/A
Realized Investor Return:
N/A
Property Type:
Multifamily
N/A
Strategy:
Value Add
N/A
Address:
8220 Research Blvd, Austin, TX 78758
N/A
Investment Date:
November 1, 2011
N/A
Disposition Date:
October 1, 2013
N/A
Hold Period:
1.9 Years
N/A
Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Cap Rate at Close:
N/A
Realized Investor Return:
N/A
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