Internacional

650 Louis Henna Blvd. Round Rock, TX 78664

Total Offering $ 19,258,000

Minimum Purchase Cash: $ 25,000

  • Minimum Purchase 1031: $ 100,000
  • Projected Hold Period: 10 years
  • Debt Source Life Company – Balance Sheet Debt
  • Debt Amount $ 21,000,000
  • Debt to Offering 52.2%

Cordevalle (the “Property”) is a 280-unit luxury garden-style community comprised of 12 two and three story residential buildings located in the north Austin area in the city of Round Rock, Texas.

650 Louis Henna Blvd. Round Rock, TX

It is located approximately 25 miles northeast of Austin’s central business district. The Property includes one and two bedroom units and contains 286,483 net rentable square feet with an average of 789 square feet per unit. The property was completed in 2014.

Investment Highlights

Cordevalle (the “Property”) is a 280-unit luxury garden-style community comprised of 12 two and three story residential buildings located in the north Austin area in the city of Round Rock, Texas. It is located approximately 25 miles northeast of Austin’s central business district. The Property includes one and two bedroom units and contains 286,483 net rentable square feet with an average of 789 square feet per unit. The property was completed in 2014.

  • Total Offering $ 19,258,000
  • Minimum Purchase 1031 $ 100,000
  • Minimum Purchase Cash $ 25,000
  • Projected Hold Period 10 years
  • Debt Source Life Company – Balance Sheet Debt
  • Debt Amount: $ 21,000,000
  • Debt to Offering: 52.2%
  • Interest Rate: 3.76%
  • Interest Only 4 years
  • AVG Projected Cash-on-Cash Return: 5.6%
  • AVG Projected Yield with Amortization: 6.8%

Deal Highlights

  • COMMUNITY NAME Cordevalle Apartments
  • MAJOR METRO Austin – MSA
  • ADDRESS 650 Louis Henna Blvd. Round Rock, TX 78664
  • YEAR BUILT 2014
  • PROJECT SIZE 280 Units

Demographic Highlights

  • Population Annual Growth 2014 to 2019 – 3 mile 2.40%
  • Households Annual Growth 2014 to 2019 – 3 mile 2.42%
  • 2014 Estimated Average Household Income – 3 mile $ 75,665
  • Age 25+ Percent College Graduates 2014 – 3 mile 33.2%

Market Overview

The Cordevalle apartment community is located adjacent to Dell Computer’s headquarters in the heart of Round Rock, Texas. The nearby I-35 provides easy access to Austin while the I-45 and State Highway 130 Tollway make it easy to reach Georgetown to the north, as well as Austin to the south. According to the appraisal, expansion in the Austin MSA continues to be strong, with total employment up by nearly twice the national rate over the past year. Approximately 32,00 jobs were created in 2013. It is expected that the MSA will continue to attract technology firms throughout 2014-2015, with payrolls expected to grow at one of the fastest paces in the nation. Many of the jobs forming are high-paying technology positions, which will attract younger employees seeking a live-work environment. Existing single-family residential inventory is limited, with many homes selling in days with multiple offers. The single-family housing market is expected to remain strong, and the undersupply of housing inventory in the MSA will continue to reduce the number of home-buyers, leaving more renters in the market

This is not an offer to sell securities. An offer to sell the Interests of the DST may be made only pursuant to the Memorandum. The information contained herein is qualified in its entirety by the Memorandum. All potential investors must read the Memorandum in its entirety before investing and no person may invest in the Interests without acknowledging receipt and complete review of the Memorandum. The Offering is being made by means of the Memorandum only to qualified investors who meet minimum accreditation requirements, as well as suitability standards as determined by a qualified broker-dealer.

ABOUT Cordevalle

Wholesaler:
CW Markets Group
a branch office of Orchard Securities, LLC, Member FINRA/SiPC
Eric Marlin (310) 418-9174 Eric@cwmarketsgrp.com
Michelle Langer (801) 826-4914 Michelle@cwmarketsgrp.

Managing Broker Dealer:
Orchard Securities, LLC
Member FINRA/SiPC
(801) 316-4301