Portfolios - Active - Twelve Oaks
Overview
Project Description: This Project is a single-family build-to-rent development located in Liberty Hill, TX (Austin MSA), and includes 218 single family homes + amenities on a 20.7 acre site. The Project boasts proximity to several power retail centers, Liberty Hill ISD schools, public parks, and convenient commutes to the MSA’s major employers. Twelve Oaks will be comprised of a mix of cottage, townhome, and single-family detached product to establish a diverse neighborhood feel. The Project will feature community amenities including a swimming pool, grilling area, fitness center, expansive green space, and resident clubhouse.
The Project will seek to offer renters the best of both worlds: The living experience of home ownership including duplex, townhome, and single-family detached homes, private yards, 1-2 car direct access garage parking and the benefits of renting including freedom from maintenance, professional on-site management and Class A community amenity package that consists of a clubhouse, resort-style pool, and fitness center. Due to the Project’s accessibility, proximity to local and regional amenities and location within the acclaimed Liberty Hill Independent School District, the Sponsor expects the tenant demographics to be single professionals, young families, and empty nesters who seek a carefree and activity rich environment within a highly sought-after suburban community.
Total development project budget is estimated to be $71.7M
COMMUNITY | 217 single family homes + amenities on 20.7 acres in BTR community |
LOCATION | Austin, TX |
OWNER/DEVELOPER | Montgomery Street Partners, New Growth Living and BlackRock Realty Advisors, Inc. |
ARCHITECTS | Davies Collaborative |
BUILDER | NG Construction |
SERVICES PROVIDED | Development + Construction Management |