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A newly-constructed Build-To-Rent community in Austin’s suburban submarket, Leander - short commute to Fortune 500 HQs, and 23%+ 12-month rent growth.
Deal Highlights
- #1 top-ranked market for investment (2022)
- Already outperforming underwritten Yr 1 leasing projections
- Booming 23%+ rent growth (YoY through Q1)
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Self storage development in an undersupplied Northeast market. The Sponsor is aiming to replicate this business plan for the 6th time with the same design team, and third with the same general contractor. All entitlements in place and ready for construction immediately following close.
Led by an experienced, Boston-based, 10x repeat Marketplace sponsor, a Fund that offers investors participation in any potential GP promote, while targeting a range of investment strategies and property types within the Greater Boston Area
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