Active
Meridian Multifamily Complex
Austin, TX
Overview
Asset class
Real Estate
Property type
Residential
Current value
$95,200,000
Acquisition price
$87,500,000
Total appreciation
$7,700,000
Rental yield
9.2%
Occupancy rate
94.5%
Fund
FNTVS Income eREIT
Residential property
Performance
+8.8%
Total Appreciation
$7,700,000
Appreciation Value
$8,750,000
Annual Rental Income
9.2%
Rental Yield
Property Value Performance
Acquisition:
$87,500,000
Current:
$95,200,000
Total Appreciation:
+8.8%
Holding Period:
58 months
Financial Details
Investment Overview
Acquisition price
$87,500,000
Current market value
$95,200,000
Total appreciation
$7,700,000
Appreciation percentage
+8.8%
Cash Flow Analysis
Annual rental income
$8,750,000
Operating expenses
$3,240,000
Net operating income
$5,510,000
Net cash flow
$5,510,000
Rental yield
9.19%
Cap rate
5.8%
Cash-on-cash return
6.30%
Risk Metrics
Debt-to-value ratio
0.0%
Occupancy rate
94.5%
Holding period
58 months
Return Breakdown
Rental income yield
9.2%
Appreciation contribution
8.8%
Cash yield
8.6%
Total return
18.0%
Property Information
Basic Information
Property type
Residential
Property class
Class A
Location
Austin, TX
Acquisition date
Mar 15, 2021
Status
Active
Income producing
Yes
Physical Characteristics
Total square footage
285,000 sq ft
Rentable square footage
248,000 sq ft
Number of units
248
Number of floors
4
Year built
2019
Price per sq ft
$334.04
Investment Strategy
Strategy type
Buy Hold
Projected exit date
Mar 2028
Fund ownership
100.0%
Key Metrics
Cap rate
5.8%
Cash flow
$5,510,000
Debt-to-value
0.0%
Units
248
Square footage
285,000 sq ft
Rent per sq ft
$35.28/yr
Investment Thesis
Austin continues to experience robust population and job growth, particularly in the technology sector. This property benefits from proximity to major employers and excellent transportation infrastructure.
Location
2500 East Riverside Drive
Austin, TX 78741, US
Full Address
2500 East Riverside Drive
Austin, TX 78741
Property Type
Residential - Class A
Year Built
2019
Property Size
285,000 sq ft
Amenities & Features
Property Amenities
Resort-style pool with cabanas
State-of-the-art fitness center
Rooftop deck with city views
Dog park and pet spa
Concierge services
Electric vehicle charging stations
Key Investment Features
Prime Austin location near major employers
Class A construction and amenities
Strong demographic growth area
Excellent public transportation access
Our strategy
Real Estate Investment Strategy
Build a diversified portfolio of institutional-quality real estate assets that generate stable income and long-term appreciation
- Expected variability of return: Low to Moderate
- Timing of expected return: Quarterly distributions from rental income
- Primary expected source of returns: Rental income and property appreciation
- Asset focus: Income-generating properties in growing markets
- Geographic strategy: Diversified across major metropolitan markets
- Property management: Professional third-party management with institutional oversight
This section is intended to provide a general overview of the investment 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.
