INVESTMENT PROJECT INTRO

The Rail MLK is a 235-unit, five story apartment building development located in East Austin. The project is in a Transit Oriented Development (TOD) within the Chestnut Plaza redevelopment.  Lonestar Development Partners (LDP) has partnered with the Rental Housing Development Assistance (RHDA) program to include affordable units at various MFI levels in the project.  RHDA contributed funds to the project to help offset the costs of providing this level of affordability.

DETAILS ABOUT PROJEC

• Investment Type   Private Equity
• Total Project Size   $36,655,124
• Starting Date   July, 2018
• Address   1800 Alexander Ave Austin, TX 78702