The Rail MLK is a 235-unit, five story apartment building development located in East Austin. Featuring modern interiors with high-quality finishes and amenity spaces, the Rail is a prime investment opportunity. The Rail provides easy access to IH-35, 183, the 130 corridor, and various public transit options as well.
PROJECT DETAILS
Investment Type: Private Equity
Address: 1800 Alexander Ave Austin, TX 78702
UPDATES (2022 Q4)
The project achieved major milestones with the receipt of its temporary certificate of occupancy (TCO) from the City of Austin and its permission to occupy (PTO) from HUD. Final CO is expected to be received later this month. The project is currently going through its cost audit and cost certification process with HUD, which is the precursor to final endorsement from HUB and funding into the HUD permanent loan.
