Investment Highlights
- 248-Unit Golf Course Community in the Austin MSA: Falconhead is directly adjacent to Falconhead Golf Course, offering a differentiated residential setting within the Bee Cave/Lake Travis corridor.
- Proven Renovation Concept with Significant Value-Add Potential: Current ownership has taken 54 units to the Luxury finish level, establishing a demonstrated rent premium of roughly $170 per month.
- More Than $3.5 Million Invested Since Acquisition: Ownership has invested over $3.5 million in apartment interiors, amenities, common areas, and building systems, including renovations to the pool.
- Difficult-to-Replicate Asset with Strong Physical Fundamentals: Originally developed by A.G. Spanos, Falconhead features concrete paving, tile roofs, mature infrastructure, and a reclaimed-water irrigation system. Ownership estimates replacement cost at approximately $300,000 per unit or more.
- Affluent and Supply-Constrained Lake Travis Corridor: The property is located within one of Austin's most affluent suburban corridors, surrounded by high-income households, top-rated schools, premier retail destinations, and limited future multifamily development.
- Connected Lifestyle Location: Residents benefit from immediate access to Hill Country Galleria, Baylor Scott & White Medical Center, Lakeway, the Bee Cave trail system, and a wide range of retail, dining, recreation, and outdoor amenities.
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