EXITED PROPERTY
The Park at Stone Creek
The Park at Stone Creek is a 420 unit, Class B garden-style apartment located in Austin’s Northeast submarket. Purchased in 2013, the property underwent a substantial renovation totaling more than $1,300,000 and is currently more than 95% occupied.
The renovated units have achieved average increases of $205 per month over previous rents ($0.88 SF to $1.15 SF) and the property’s Net Operating Income has increased by over $1,000,000 since acquisition.
AUSTIN AREA
The City of Austin has established itself as a world leader in technology, innovation, energy, workforce development, music and creativity that has led to significant business expansion and overall growth.
The City’s Economic Development Department (EDD) offers a unique model – one of just a few in the United States that presents great opportunities for Austin.
To effectively support and recruit business in Austin, the Economic Development Department has integrated a core global focus while supporting local initiatives through Cultural Arts, Music, Redevelopment/Downtown, Economic and Small Business Program. The EDD strives to create a sustainable cultural and economic environment that enhances the vitality of Austin.
A Veteran Owned Business
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*The information contained herein does not constitute an offer to sell nor is it a solicitation of an offer to purchase any security. Offers will only be made through a private placement memorandum to accredited investors and where permitted by law. Investments in the firm’s limited partnerships involve a high degree of risk, including the possible loss of your investment, and they are potentially illiquid with an uncertain liquidity date. Prospective investors should carefully review the “Risk Factors” section of any private placement memorandum. Past performance is not indicative of future results. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.