The Edison
REGISTER NOW FOR OFFERING MEMORANDUM
EDISON - $30,000,000 (80% LP Equity) - Austin, Texas:
Austin Riverside district, “Edison” is a 354 unit wrap multifamily property The development site consists of 9.2 acres of land with a building footprint of 345,382 SF, 268,664 SF being rentable. Edison is located within the ERC (East Riverside Corridor), one of the fastest growing submarkets in Austin and It is in close proximity to national employers, Downtown Austin, and the cultural centers of South
Congress.
Nearby is Zilker Park, where one can enjoy 351 acres of metropolitan park dedicated to outdoor activities. There are frequent events such as the world-famous Austin City Limits and Kite Festival.
- Market poised for strong rent growth
- Target Yield: 15% IRR, 1.8 multiple
- Sponsor and management have over 20 years of experience with over $2.6B AUM
- Minimum investment: $20,000
