Completed
Estraya Georgetown Apartments
Georgetown, TX
Overview
Asset class
Real estate
Asset type
Multifamily
Strategy
Fixed income
Funds
Heartland eREIT
Updates
New acquisition
November 27, 2017
Austin presents a strong opportunity driven by positive demographic trends and a solid rental market. Population growth was 65% from 2000 - 2016, roughly four times the national average.
New acquisition: Luxury apartments in suburban Austin
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Progress update
February 6, 2019
We continue to see a strong outlook for new apartment development in the area, which has consistently ranked as one of the fastest-growing in the US over the past five years.
Photos: Construction under way on 270 new apartments near Austin, TX
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Progress update
December 13, 2019
The successful completion of each construction milestone reduces overall risk, while we continue to earn an annualized return of roughly 10%.
Photos: Austin-area apartments nearing completion
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Exit
September 30, 2020
The investment generated an annualized return of roughly 10%, supporting quarterly dividends for Heartland eREIT investors.
Exit update: Austin-area apartment investment pays back successfully
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Asset type
Multifamily
Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.
Our strategy
Fixed income
Provide real estate backed loans or similar financing
- Expected variability of return: Low
- Timing of expected return: Typically begin earning interest immediately
- Primary expected source of returns: Interest income
This section is intended to provide a general overview of the Fixed income strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.
