Development of For-Rent Townhomes and Condominiums - InvestmentsAustin, TX
We are pleased to offer investments in Virtua Austin Residential Holdings I, LLC (the “Company”). This webinar presentation reviews the offering details, strategy, and local market considerations.
• Project located in tech corridor, adjacent to Samsung (2.5 mi), Apple (10 mi), and Dell (7 mi)
• Apple just announced $1B investment to build a second campus nearby, expected to add 15,000 jobs to this facility
A 162-unit ground-up development of for-rent townhomes and condominiums on 16.45 acres in Austin, TX with the flexibility to sell as units or in whole.
Land Purchase Price
$3,870,000 as entitled. $3,220,000 as-is.
Through eight phases, develop 1, 2, and 3-bedroom units, all envisioned as rentals. Project will have a condo map in place, which provides exit strategy diversification to builder.
*Investment in the Company is inherently speculative. Targeted returns are goals of the Company and not projections of performance. There is no guarantee that the Company will exit in the time forecasted.
Summary of the Risks of the Offering
- Specifically, investors in this Offering risk losing all capital invested therein and/or may not generate the returns at the levels the Company expects
- Members may not withdraw without Consent of the Company Manager or in contravention of SEC Rule 144
Real Estate Risks
The Company’s business is subject to all the risks associated with the real estate industry
Investments in real estate are speculative in nature
Many of these factors are not within the Company’s control and could adversely impact the value of the Company’s investments. These factors include, but are not limited to:
- downturns in worldwide, national, regional and local economic conditions;
- conditions affecting real estate in specific markets in which the Company may invest, such as oversupply or reduction in demand for real estate;
- changes in interest rates and availability of attractive financing;
- changes in real estate and zoning laws;
- environmental and/or engineering issues unforeseen in due-diligence, and changes in environmental legislation and related costs of compliance;
- condemnation and other taking of property by the government;
- changes in real estate taxes and any other operating expenses;
- the potential for uninsured or underinsured property losses.