This 8 acre development 56 unit townhome community project included zoning and platting. Only minutes south of downtown Austin, Stinson Oaks is a private community of single and two-story homes architecturally inspired by Tuscany. Close to shopping, dining and major highways, the professionally landscaped common parks are a suburban retreat. Sold to Milestone for development in 2016.
Project Capital: 10 million
Project Type: Multi-family
Projected Target:
IRR: 21%
Equity multiple: 1.9x
Holding period: 5 years
Actual:
IRR:21%
Equity Multiple:1.9x
Holding period: 1.9x