NAPLES, Fla.–(BUSINESS WIRE)–Halstatt Real Estate Partners, a real estate private equity firm, today announced plans to develop a new build community for rent, Stillwell in Avery Centre. The community will have 225 units, supported by on-site rental, a clubhouse, pool, fitness center and parks. Halstatt Real Estate Partners is partnering with Coastal Ridge Real Estate for this development.
“The confluence of a variety of macroeconomic and demographic factors has contributed to the appeal of rental housing, and more specifically horizontal apartments, as an alternative single-family housing option,” says Steve Iannaccone, Principal of Halstatt Real Estate Partners. “Following the groundbreaking of our first two build-to-let projects in Florida, Halstatt is pleased to announce the development of Stillwell at the Avery Center in Round Rock, TX. We continue to partner with exceptional development platforms and are excited to have a pipeline of high-conviction opportunities in the segment.
Located in Round Rock, Texas within the MSA of Austin, this build-to-let community will have 225 units, including 66 one-bedroom, 108 two-bedroom, 28 two-bedroom two-story, and 23 three-bedroom units. luxury. single-family residences for rent. The one-bedroom units will all be duplex-style townhouses while the two- and three-bedroom units will be detached single-family residences. All residences will have private first-floor entrances and private fenced backyards with patios, and offer flexible parking options, including open parking as well as covered and garage parking options.
“Stillwell at Avery Center is our second of four investments in build space for lease with Halstatt Real Estate Partners,” said Andy Lallathin, co-founder and managing partner of Coastal Ridge Real Estate. “This differentiated offering gives residents the affordability and convenience of an apartment with all the benefits of a single-family lifestyle.”
The gated community will be equipped with state-of-the-art amenities, including smart home technologies, a 5,000 square foot clubhouse (rental center, fitness center, kitchen, game room/lounge, workspace, and gym). mail), pool-style resort with cabanas, parks and dog park, lawn/outdoor event space, food truck area, gas fire pits and grills, and Wi-Fi in common areas.
The property is located in the 1,200 acre planned community of Avery Center, 25 miles north of Austin. Avery Center is designed to feature a walkable mixed-use downtown, residential neighborhoods and an extensive park system, all anchored by nearby large institutional uses such as Ascension Seton Medical Center, Health Science Center, Health from Texas A&M University, Texas State University and Austin Community College.
Halstatt Real Estate Partners identifies value-added and opportunistic real estate projects throughout Florida, the Southeast and Texas. The company partners with project sponsors to develop and implement a strategic business and capital improvement plan to maximize demand-driven development and investment opportunities.
About Halstatt Real Estate Partners
Halstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has been involved in the acquisition and development of over $1 billion in Southeast-based real estate assets since 2011. Founded by the Sproul family, based in Naples, Florida, and a proud part of the Barron Gift Collier heritage in Southwest Florida, HREP invests in mid-market, value-added commercial and residential real estate projects and opportunists. HREP works with the best local and regional operating partners to maximize the value of its real estate investments. HREP invests alongside a cross-section of fund-to-fund institutional sponsors, including charitable foundations and endowments, domestic and international family offices and corporate pension funds with a history of continuity. www.halstattrealestate.com.
About Coastal Ridge Real Estate
Headquartered in Columbus, OH, with additional offices in California, Florida and Tennessee, Coastal Ridge Real Estate is a full-service real estate investment and management firm executing basic, basic plus, value-added and grassroots development. in the multifamily real estate asset class. The company’s vertically integrated platform includes divisions responsible for overseeing investment management, property management and development. Coastal Ridge’s current portfolio includes over 35,000 conventional apartments and student housing beds spanning 43 distinct markets, with assets under management totaling over $3.7 billion. Coastal Ridge has been recognized as one of America’s 5000 fastest growing private companies five times. For more information, visit www.coastalridge.com.
Created by Coastal Ridge, Stillwell is an innovative multi-family housing concept in the rental construction industry. This innovative product known as a horizontal apartment or cottage community consists of self-contained one- or two-story single-family residential units with private courtyards, utilizing shared parking similar to a typical garden apartment layout and featuring programmed equipment. This product offers a new option for residential living, offering the privacy of a single-family home, along with the conveniences, professional management and ease of living of a traditional apartment community. For more information, visit www.livestillwell.com.