RGCF-PARAGON - RGX Ventures

THE PARAGON | CEDAR PARK, TX (AUSTIN MSA)

370 UNIT, MIXED-USE / MULTI-FAMILY DEVELOPMENT OPPORTUNITY

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

Projected Returns

20+%

IRR

2.X+

Equity Multiple

8%

PREF

5 - 7 Year

Hold

FOr more details

“ 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

Investment Highlights & Overview

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