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Financials & Investor ROI
242 acres of Industrial land purchased for $23M. The site was purchased to be divided and marketed in smaller pieces for Austin users and investors. Over a period of 24 months Fund Austin® Team designed and entitled five parcels ready for build-out. Each parcel was brought to market. Site was sold after this value-added strategy for $31M Investors, equity holders and partners enjoyed strong profits.
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Sold
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Purchased, entitled and developed by Fund Austin® Team
- Home of Texas Gas Service—27 ac site designed and developed by Fund Austin® Team and sold for $5M.
- 43 ac divided and sold to Dalfen Development for $5.5M.
- 33 ac subdivided and sold to Brookfield for $5.5M.
- 147 ac sold to Perot Group for $16M upon negotiation of a Travis County road extension.
SE Austin Multi-Tract
Home of Texas Gas Service in the Promontory Point neighborhood. Remaining parcels were sold to Brookfield and Perot Group after Fund Austin® Team entitled, subdivided and developed site plots and land use surveys.
