An Award-Winning City
168-Unit Class A New Duplex/Triplex Development in the Lago Vista suburb of Austin, Texas, located on 27.7 acres.
The City of Lago Vista is a Blue Legacy Award recipient and a Gold Certified Scenic City. Lago Vista median household income is $83,819, 76% higher than the Texas state median household income.
Key Deal Points
POPULATION GROWTH
Since 2000 the population of Lago Vista has grown 67.7%, with 24.6% of the growth occurring since 2010. (City Data)
ECONOMIC GROWTH
154 companies have announced plans to relocate their corporate office or significantly expand existing operations in the Austin MSA. (KVUE)
INVESTOR FRIENDLY
RGX Invest’s vertically integrated family of companies ensures a “boots on the ground” presence is maintained throughout the asset life cycle.
“ The abundant job market is driving a highly educated workforce here, meaning renters can afford more and are willing to pay for it, given the city’s highly desirable amenities. “
– The Motley Fool, April 11, 2021
– The Motley Fool, April 11, 2021
Projected Returns
20+ %
IRR
2.X +
Equity Multiple
10%+
CoC
5 - 7 Year
Hold
“ Austin continued to showcase strength in pandemic times. The metro’s economy ranked first among major U.S. cities – employment contracted by only 2.8% year-over-year through November, while the national figure shrank by 7.8%. “
– Multi-Housing News, Austin Multifamily Report, March 25, 2021
– Multi-Housing News, Austin Multifamily Report, March 25, 2021
Property Highlights
AUSTIN NEW DEVELOPMENT
- 168-Unit Class A New Duplex/Triplex Development in the Lago Vista suburb of Austin, Texas, located on 27.7 acres
- Lago Vista Median Income of $83,000. Since 2000 the population of Lago Vista has grown 67.7%, with 24.6% of the growth occurring since 2010. (City Data)
- High Demand for Rental Housing
Community Amenities
Resident Dog Park
Community Clubroom
Private Community Pool
Outdoor Kitchen and Pergola
Fitness Center
Fire Pit with Lounge Area
168 Duplex Development Plat
OTHER DEVELOPMENTS
LEANDER SPRINGS, TX
1600 Units + 1M sq ft Commercial + Crystal Lagoon
20%++ Projected Returns
2.X+ Targeted Equity Multiples
20%++ Projected Returns
2.X+ Targeted Equity Multiples
THE PARAGON, TX
370 Units + 60K sq ft Commercial
20%++ Projected Returns
2.X+ Targeted Equity Multiples
20%++ Projected Returns
2.X+ Targeted Equity Multiples
Copyright © 2021 RGXVentures.com
