The Rail MLK Apartment Development
Transit Oriented Development (TOD) within the Chestnut Plaza redevelopment
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
- PROPERTY TYPE: Multifamily
- INVESTMENT PROFILE:
- INVESTMENT CATEGORY: Private Equity
- TARGETED INVESTMENT PERIOD: 5 years
- MINIMUM INVESTMENT: Contact us for more info
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