COOP @ Southpark Meadows
1802 Oak Hill Lane, Austin, TX 78744
Investment Overview
COOP @ Southpark Meadows is a contemporary mixed-income multifamily residential community situated off Interstate 35 in South Austin, Texas, steps away from the expansive Southpark Meadows retail and entertainment district.
Developed by Texas multifamily specialist Urban Genesis and designed by HEDK Architects, the project utilizes Texas's Public Facility Corporation (PFC) framework in partnership with the Travis County Facilities Corporation—pairing long-term property tax exemptions with dedicated workforce affordability and market-rate residences to generate durable, high-margin operating cash flow.
Property & Submarket Highlights
- Public-Private Tax Advantage: Structured with Travis County Facilities Corporation to reserve attainable residences at 60% and 80% Area Median Income (AMI) alongside market-rate apartments, enhancing occupancy resilience and net operating income.
- Prime South Austin Connectivity: Located along the high-growth I-35 South corridor with direct access to Downtown Austin, Austin-Bergstrom International Airport, and major technology employers.
- Thoughtful Resident Amenities: Resort-style swimming pool, courtyard amenity deck, modern fitness center, dedicated dog run, resident storage units, and electric vehicle (EV) charging stations.
- High Preferred Return Profile: Structured with a 9% preferred return and a 22% projected IRR over a targeted 4-year investment horizon.