ATX Acquisitions

We bought an awesome property in Austin last year:

📜 Our business plan:

→ Upgrade interior finishes in all units
→ Upgrade common areas
→ Augment revenue through operational upgrades, targeted 48% increase in other income from adding bulk wifi, covered & reserved parking
→ 5-year hold period

🤝 Debt Terms:

→ $6.34MM in total
→ 5 yr term period
→ Seller financed
→ 4% interest rate
→ 5 yr IO

💵 Equity infusion: $2,722,492

💸 Potential returns for LP investors:

→ Net LP Avg. CoC: 7.7%
→ Net LP Equity Multiple: 2.17x
→ Net LP IRR: 18.4%

💡 We win deals like this because we value the fundamentals:

→ We focus on broker relationships
→ We focus on one business plan
→ We focus on increasing NOI

If you want to see future deals like this, check out our website or comment “DEAL” below! ⤵️

atxacquisitions.com

Great compilation by Newmark. Austin has major developments underway. This is part of the reason why we remain excited about multifamily opportunities in Central Texas (with Austin in particular). Tons of growth from Tesla’s expansion to Samsung’s new plants. Check out some highlights below:
- Tesla planning 1.7M SF in expansions to Austin gigafactory – CultureMap (2023)
- Apple planning to spend $240M on expansions to its 3M SF second campus under construction – KVUE (2023)
- IBM finds new Austin home at The Domain – Axios Austin (2023)
- Three new projects announced for The Domain – Austin Business Journal (2023)
- Construction is underway on 1M SF of healthcare space – Austin Business Journal (2023)
- Q5id establishes a second HQ in Austin – Cision (2023)
- Dell Children’s Hospital opens its $191M north campus – Austin American-Statesman (2023)

https://austin.culturemap.com/news/city-life/tesla-s-austin-headquarters-files-for-800-million-campus-expansion/
https://www.kvue.com/article/money/economy/boomtown-2040/apple-austin-campus-expansion/269-9d63b536-0b3c-44b3-8e48-8507b974077b
https://www.axios.com/local/austin/2023/05/03/ibm-will-move-to-new-domain-building-by-2027
https://www.bizjournals.com/austin/news/2023/02/28/austins-medical-real-estate-taking-off-in-high-gr.html
prweb.com/releases/2023/5/prweb19332927.htm
https://www.statesman.com/story/news/healthcare/2023/04/24/austin-dell-childrens-medical-center-north-campus-first-look/70088620007/

Austin-area hospitals: Where, why new medical real estate is being built - Austin Business Journal There are hospitals under construction in seemingly every corner of the Austin area.

Our Founder, Peter Rex, joined Fox & Friends this past Sunday to discuss the property insurance issue California is facing.

State Farm suspends home insurance sales in California | Fox News Video Tech entrepreneur Peter Rex joined 'Fox & Friends Weekend' to discuss his reaction to why the company is halting the insurance sales in the Sunshine State.