Park at Crestview

8220 Research Blvd, Austin, TX 78758

Investment Details

Location Austin, TX
Asset Class B-
Acquired Date April 2023
Number of Units 248

Location

www.parkatcrestview.com 

Park at Crestview represents a remarkable investment opportunity strategically located just 12 minutes from Austin’s upscale Class A district, the Domain. Currently, the property boasts an impressive 94% occupancy rate and 99% collections, highlighting its successful transformation and strong market demand. Its proximity to Austin’s thriving tech hub enhances its appeal as a desirable residence.

Our comprehensive renovation strategy includes extensive interior upgrades, featuring stylish backsplashes, new cabinets, granite countertops, stainless steel appliances, fresh paint, and updated lighting and ceiling fans throughout the units. Externally, we are reshaping the landscape with fresh paint, new balconies, upgraded exterior lighting using brighter LED fixtures, and enhanced security measures, including the installation of cameras.

With approximately 15 apartments already renovated, we have achieved a significant $180 increase in average rental rates, providing a glimpse of our broader vision. Guided by this vision, we are actively reshaping the tenant profile to attract a new demographic of tech professionals, positioning Park at Crestview as a premier choice in the competitive Austin rental market.