Dripping Springs Project
Capital Raise: $12.5m
Dripping Springs, Texas
Project zoned as multi-Family
BTR: Build to Rent
10 Triplex buildings for a total of 30 units averaging 1350 Sq. Ft.
Units: Mix of 2 & 3 bedrooms with 1 & 1.5 garages & small fenced yards
Raise is all cash no debt will be on this project.
Goal 1: Sell the project once fully stabilized and rented up at competitive market Cap Rate (5 to 5.5)
Goal 2: If someone is interested in funding the project and holding on to the units themselves. (Cap rate for that sale would be around 7)
Project is all cash equity raise only.
Message me if you have interest at https://www.linkedin.com/in/robertwhiteertx/