Alta Berry Creek

2201 Texas 195, Georgetown, TX, 78628, US

Description

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee simple interest in Alta Berry Creek, a market-rate, 300-unit Class A garden-style multifamily community in Georgetown, TX. Delivered in 2023, the property offers a thoughtfully designed mix of studio, one, two, and three-bedroom apartment units averaging 994 square feet. The Property is located within Georgetown’s Berry Creek area, adjacent to the 18,500-resident age restricted Sun City community along TX-195, 33 miles north of CBD Austin. In addition to regional connectivity, Alta Berry Creek benefits from its proximity to newly developed and highly sought-after amenities, including the H-E-B and Costco, the Georgetown Municipal Airport, and premier recreational destinations such as Legacy Hills and Cowan Creek golf courses. Alta Berry Creek benefits from Georgetown’s continued growth, while attracting residents who seek a more attainable cost of living paired with everyday conveniences and easy access to Austin’s major employment, retail, and entertainment hubs.

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Attributes

Number of units

300

Occupancy

88%

Year built

2023

Building area net

27,691 m²

Media

Investment Highlights

Rents need to be greater than $2.00/SF to justify new development today: To offset the increased costs and maintain profitability, new developments would require substantially higher rents, pricing them out of the current market.
Barriers for future development: Georgetown is approaching its water and wastewater capacity limits and has imposed maximum allowable impact fees. There is a temporary moratorium on certain rezonings and variances, while tightening development standards through UDC updates.
Premier location in high-growth northern corridor: The property offers convenient access just off IH-35 with a 30-minute commute to Downtown Austin.
Rapidly growing Austin suburb: Georgetown's population reach more than 101,000 in the latest U.S. Census estimate, reflecting 50.3% growth since 2020.
Surrounding amenities and convenience: The property is located near multiple public and private golf clubs, including Berry Creek Country Club, White Wing Golf Club, and Legacy Hills Golf Club, and is within a short drive of Lake Georgetown Recreation Area. Connectivity along State Highway 195 provides convenient access to these destination amenities without reliance on high‑density commercial corridors.