Investment Highlights
- Tax-Advantaged Housing Authority Structure: Long-term HACA ground lease provides a 100% real estate tax exemption and effectively eliminates ongoing ground rent, creating a highly efficient operating structure with 153 affordable units (51% of the community)
- Limited Competitive Supply Supports Future Performance: With minimal new multifamily development projected in the immediate area, Bridge at Paloma is well-positioned to benefit from favorable supply-demand dynamics and sustained occupancy levels
- Recently Delivered, Fully Stabilized Asset in Austin: Completed in 2023, the 300-unit community offers investors a stabilized, high-occupancy asset with proven leasing performance since delivery
- Austin's Premier Tech & Manufacturing Growth Corridor: Located in the Tech Ridge submarket along Dessau Road near Interstate 35, the property provides convenient access to major employers
- Exceptional Demographic Fundamentals: Northeast Austin has experienced explosive growth over the past 15 years and is supported by strong resident demographics
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