The Enclave at Crystal Falls | Land Acquisition
In late 2020, Real International acquired land to build a townhome community in the Leander area. Our team had performed extensive due diligence on the land and concluded that it was the most suitable location for our investors’ needs.
In July 2021, we built a plan for a community consisting of 59 buildings with two townhome units in each building. All units had the same floor plan with around 1700 SF of living space.
Our original preliminary site plan dedicated the entire space to residential properties; however, the City of Leander adopted the new comprehensive land use in 2022. We decided to purchase adjacent 5 acres of land tracts and resign the site plan to accommodate the latest land use. Our latest site plan has been approved by the city staff and is in the process of getting city council approval.
Real International has an executed purchase agreement with a buyer for the land. The buyer completed their due diligence process and is now planning on closing in September.
Investors in this project will enjoy a hefty profit relative to the investment period.
Furthermore, we have the option to do a 1031 exchange. We can liquidate the investment post-1031 after a 12-month holding period to qualify it for long-term capital gains. This will result in a major tax reduction compared to liquidating outright.
Regardless of unforeseen setbacks, our team at Real International possesses the expertise, network, and insight to push through obstacles that filter out other companies!
Contact us for information on opportunities like this:
Lynn L Yuan, CCIM
(512) 298-1899
lynn@realinternational.com
Jian Hu (Josh)
(512) 461-6586
jian@realinternational.com
