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Array Apartments

369-Unit Multifamily Investment Opportunity in Austin, TX

Access the Full Investor Kit

*Investor Requirements: Income > $200k, (or) combined w/ spouse > $300k, (or) combined net worth > $1M, (or) Accredited investors

Live Investor Webinar on August 2nd at 5PM Pacific

*Investor Requirements: Income > $200k, (or) combined w/ spouce > $300k, (or) combined net worth > $1M, (or) Accredited investors

Investment Promo Video with Drone Footage Flyover

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Preferred Return

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Projected Average Annual Distributions (CoC)

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Projected Average Annual Return (AAR)

Years Investment Term

15 Year Track Record

Multifamily Apartments

MULTIFAMILY UNITS

PORTFOLIO

COMMUNITIES

STATES

Energy Portfolio

NATURAL GAS & OIL WELLS

PORTFOLIO

LOCATIONS

STATES

Why Austin,TX

Awards & Accolades

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#1 Fastest Growing Metro (Business Facilities, Sep 2021)
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#1 Metros Most Recovered from Covid and Poised for Growth (Economic Innovation Group, Mar 2021)
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#2 Cities That Will Be Leading Technology Innovation Hubs Over Next 4 Years (KPMG, January 2020)
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#1 Market for Real Estate Capital Deployment in 2021 (CBRE Research, April 2021)
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#2Top 10 Real Estate Markets for 2021 (PwC/Urban Land Institute, Oct 2020)

Rising Southeast Central Submarket

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Housing Price Increase Year-Over-Year

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Q4 2021 12-Month Rent Growth

New Residents Each Day

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The Southeast Central submarket is one of Austin’s most desirable areas
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Easy commutes via I-35
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The median home price in the 78741 zipcode is $463,500, a 29.5% YOY increase (Redfin)
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Close proximityto the Central Business District
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Unlimited nearby entertainment and dining options
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Rent growth over the previous 12 months for the submarket totaled a staggering 29%.
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Financial Overview

Conservative Financing

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Low Leverage: Targeting 65 -70% LTV
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Loan Term: 3-year with two 1-year extensions
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Target Interest Rate: ~5.35% (385 over SOFR ~1.5%)
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Rate Risk Mitigated: 1-2% interest rate cap
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Interest Only: Full term
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Amortization: 30-year

Conservative Underwriting

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Raising an additional ~$1.5M -$2M in operating reserves. Enough to cover ~6 months of expenses
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Stress tested break-even occupancy at 75%
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Conservative assumptions of sale price by inflating the cap rate by ~15 basis points per year.
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Underwriting with an eye towards market trends in 2008-2011 versus 2015-2019.
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Recession Resilience

Landlord-friendly State

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Texas is a very pro-landlord state.

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Government is providing significant assistance programs for residents who cannot pay rent.
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In Texas, eviction bans now lifted and the regular eviction process’ are now fully enforceable.

Resilient Renter Base

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B Class residents with higher education and income are less impacted.
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Targeting ‘gray collar’ residents, who typically have fewer collection issues and higher paying jobs. 
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How We Add Value

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Interior upgrades on 200-250 units with stainless steel appliances, vinyl plank flooring, updated lighting, plumbing fixtures, backsplash, granite countertops, and cabinet fronts to capture the $150-$250 additional premium that the white upgraded units are currently achieving
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Add in 3 additional units onsite (4,000 sf)
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Integrate modern tech package on interior units (USB plugs and smart thermostats)
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Integrate modern tech package on interior units (USB plugs and smart thermostats)
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Renovate the remaining leasing center interior into bike storage, rentable conference rooms, and resident media/game room
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Upgrade pool furniture and add shaded cabanas
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Upgrade outdoor grilling station by each pool
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Returf soccer field/restripe sport court

Investor Requirements

The SEC requires that all investors qualify as an accredited investor

Not sure if you're accredited? Click here.
If you meet JUST ONE of the criteria below, then congratulations, you’re accredited and able to invest!

  1. With Income – You must have income that exceeds $200,000 per year (OR) You can elect to combine incomes to $300,000 per year if married.
  2. With Net Worth – Individual (OR) combined net worth > $1M
  3. Other Criteria – The SEC provides other ways an investor can qualify as accredited. Click here for more info.

Register for the LIVE Webinar on 7/28 at 5PM Pacific

Don’t miss out on the great opportunity to invest in an excellent value-add multifamily community in a top-performing market. Complete the form below to register for the webinar and get your questions answered on the live Q&A.

We Are Multifamily Investment Professionals

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Experienced

With a combined 100+ years of experience and $300MM in closed multifamily transactions, we have the subject matter expertise, key relationships, and proven track record to execute profitable deals.

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Conservative

We are opportunistic investors focused on creating long term value. We stress test our deals and use leverage carefully to create sustainable cash flow and limit our risk.

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Diligent

Closing a deal, while challenging, is the easy part. Executing on the business plan is the hard part. It takes perseverance and persistence to achieve what we set out in our underwriting, and our team strives to knock it out of the park every time.

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