INVESTMENT OPPORTUNITY IN DESIRABLE LOCATION
The Paragon is a 370 unit mixed used community in Cedar Park, Texas (Austin) and part of the Bell Boulevard Redevelopment Master Plan. The Bell Boulevard Master Plan will capitalize on the popularity of Live, Work, Shop, Play neighborhoods in one of the fastest growing submarkets of Austin. As part of the Bell Boulevard Redevelopment Program, The Paragon is located on Cedar Park’s major north-south artery, with a traffic count in excess of 45,000 vehicles per day. Average household incomes in Cedar Park exceed $101,000 per year.
Key Deal Points
POPULATION GROWTH
Since 2000 the population of Cedar Park has grown 205%+ as people migrate to outlying cities. (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.
“ Austin Predicted to be Hottest U.S. Housing Market of 2021 “
– World Property Journal; January 20, 2021
– World Property Journal; January 20, 2021
Projected Returns
20+%
IRR
2.X+
Equity Multiple
8%
PREF
5 - 7 Year
Hold
“ Austin remained a top market in terms of total returns during the pandemic, outperforming the national average ” – Newmark Q4 2020 Market Report
Property Highlights
The Paragon | Cedar Park, Texas
- Construction Completion - EOY 2023
- Average Unit Size - 800+ sq ft
- Stories - 7
- Gross Buildable Area (sq ft) 583,530
- Net Rentable Area (sq ft) 284,996
- Retail Space (sq ft) 59,536
Community Amenities
Resident Dog Park
Community Clubroom
Private Community Pool
Outdoor Kitchen and Pergola
Fitness Center
Fire Pit with Lounge Area
Unit Mix
OTHER DEVELOPMENTS
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