UT Student Apartments

15.8%
gross ann. return*
term remaining
B
Cash Flowing to Investors
Current Ann. Return 15.8%
Accrued Ann. Return
Gross Ann. Return* 15.8%

Investment Details

Current Ann. Return 15.8%
Accrued Ann. Return
Gross Ann. Return* 15.8%
Term Remaining – of –
Min. Investment $10,000
Investment Size $250,000
Security Type Equity

Investment Summary

32 Unit apartment building located blocks away from University of Texas. Stabilized and very low occupancy historically. Opportunity to capture rental increase with moderate improvement of interiors, and curbside appeal. ACA is offering investors an opportunity to invest up to $740,000. The Purchase Price of the Property is $3 million (rounded) before transactional costs, fees and reserve funds. The General Partner plans to invest ten percent (10.0%) of the Purchase Price. The acquisition of the Property is expected to occur at the end of Q413.

Fundrise Rating

The Fundrise Rating is a letter rating ranging from A to E that provides investors with the ability to easily compare investments across the Fundrise platform. The Fundrise rating measures the relative risk-adjusted return of an investment. Learn more
B3
A
1
2
3
B
1
2
3
C
1
2
3
D
1
2
3
E
1
2
3
Category Assessment Points
Capital Senior to Fundrise 60-69% 3
Capital Junior to Fundrise 20-29% 3
Location Secondary 2
Occupancy Occupied 1
Development Phase Stabilized 1
Sponsor’s Track Record $250 million or more 1
Overall 11 B3

The information contained in the Fundrise Rating is for informational purposes only. It is impersonal and not individualized for any specific investor's financial situation and is not investment advice. These ratings are not intended to be, nor should you interpret them to be, a prediction of how a particular investment will actually perform. You should always carefully consider investments in any security and be comfortable with your understanding of the investment. You may also consider consulting investment professionals.

Capital Structure

Type Source % of Total Amount
Equity Sponsor, Private Investors 24.3% $785,900
Equity Fundrise Investment 7.7% $250,000
Senior Debt Horizon Bank 68.0% $2,201,300
Total 100.0% $3,237,200

Property Summary

305 35th Street Apartments is a student housing community Located just north of the University of Texas (main campus and graduate schools). The Property is comprised of 32 apartment units situate on a 21,024 square foot (+/-) site. The Property is 100% occupied, primarily by students. The Property has been very well maintained and marketed.

Address 305 35th Street
City & State Austin, TX
Neighborhood Near UT North Campus
Product Type Multi-Family / Student Housing
Project Phase Stabilized / 100% Occupied

Market Summary

The submarket lies adjacent to the University of Texas where 50,000 undergrads go to school. The vacancy factor in the submarket was 0.7% (point seven per-cent) in the Q3 2013. The Austin Metropolitan Statistical Area (MSA) is growing so rapidly it is starting to run out of employees. According to household-based data from the U.S. Bureau of Labor Statistics (BLS), the unemployment rate fell below 5.0% as the number of employed residents of the MSA increased by 43,480 (4.9%) in the year to November 2012.

About the Sponsor

David Rottman

Principal

Timothy Young

Managing Principal

Josh Sanders

Acquisitions and Business Development

Jim Gatlin

Managing Director

Austin Capital Advisors is privately held real estate investment company specializing in all aspects of commercial real estate in the dynamic city of Austin, Texas. ACA feels the diversity of Austin’s economy and its young educated workforce, together with compelling population growth, provides a persuasive basis for near and long-term investment. ACA professionals possess a collective 75 years of experience in real estate, with an average of nearly twenty years of relevant industry experience amongst its investment professionals.

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Other Past Investments

Atlanta Condo Pre-Development Loan

Atlanta, GA
B
Gross Ann. Return* 14.0%
Term Remaining 0 mo.
Underlying Security Senior Debt

Brooklyn 3-Unit Apartment Repositioning - Senior Loan

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B
Gross Ann. Return* 11.0%
Term Remaining 0 mo.
Underlying Security Senior Debt