City council moves forward with HealthSouth development plan

A plan to transform downtown Austin’s old HealthSouth building into the new Waterloo Park Central Mixed-Use Development has taken a significant step forward. Read more here: and here:

Austin ranks No. 1 in US for new apartment demand

The Austin area will need more than 100,000 additional apartment units by 2035 to keep up with demand according to an Austin Business Journal article. A study commissioned by the National Apartment Association and the National Multifamily Housing Council found that Austin was the No. 1 metro in the nation for apartment demand. According to… Continued

This Is America’s Fastest Growing City

The U.S. Census Bureau has released its “New Vintage 2020 Population Estimates Available for Nation, States, Counties and Puerto Rico Commonwealth.” The latest data, presented by state, county and metropolitan area, cover the year that ended July 1, 2020. The findings show that people left large cities and moved to suburbs, although the trend was… Continued

Austin named fastest growing major metro in the US

According to U.S. Census Bureau figures released May 4, Austin’s multi-county metro population increased to an estimated 2,295,303 people as of last July. This was a 3% increase from the previous year, making it the fastest population growth among metros with at least 1 million residents. Since 2010, the Austin metro gained about 579,014 residents,… Continued

The Independent Named ‘Best Multifamily Project’ of 2020 by Austin Business Journal

AUSTIN, Texas–(BUSINESS WIRE)–Aspen Heights Partners, a vertically integrated real estate developer of lifestyle-oriented residential communities, today announced that The Independent has been recognized as the “Best Multifamily Development” by the Austin Business Journal as part of the publication’s 2020 Commercial Real Estate Awards, which spotlight the projects and transactions from the prior year with the… Continued

HFF Arranges $92 Million Financing for Three-Property Student Housing Portfolio

HFF has arranged $92 million in financing for a three-property, 1,653-bed student housing portfolio in Iowa, Texas and South Carolina. Read more here. TGE Fund II, LLC returned all investment principal to its investors plus a 33.0% return on Investment from the Coastal Carolina University development project in Conway, South Carolina. This actual IRR result… Continued

The Preiss Company/TH Real Estate Joint Venture Acquires Signature 1909, 464-Bed Student Housing Complex

Officials of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, in a joint venture with TH Real Estate (THRE), an affiliate of Nuveen, the investment management arm of TIAA, one of the world’s largest real estate investment managers, today announced the acquisition of the 464-bed student housing complex, Signature 1909.… Continued

The Independent Wins 2017 Design Award From Architecture MasterPrize

The Independent, an iconic 57-story tower, was announced as the winner of Architecture MasterPrize’s Architectural Design award. The Independent addresses the region’s need for increased urban density by providing 370 units and 1,002,000 SF on 1.76 acres and is the tallest residential tower west of the Mississippi River. Rhode Partners rejected the cookie-cutter feeling of… Continued

“One of the Most Important Construction Projects in the U.S.”

The Independent has been listed by Curbed, the real estate blog, among the “thirteen most important construction and development projects in the United States… that will fundamentally change their cities.” Curbed also pointed out that: While the Independent is currently under construction, it’s not scheduled to open until 2018. Nevertheless, more than half of its 370… Continued