묘사

JLL has been exclusively retained to offer qualified investors a rare opportunity to acquire fee-simple interest in Gibson Flats — a 202-unit wrap-style apartment community in the heart of South Lamar.

Positioned in one of Austin's most desirable micro-markets, the property sits within a dynamic mixed-use corridor featuring over one million square feet of retail and 705,000 square feet of office space—all less than two miles from downtown Austin. Premier recreational amenities including Lady Bird Lake, the 10-mile Butler Hike & Bike Trail, 49-acre Auditorium Shores, and 350-acre Zilker Park are within 1 to 1.5 miles, offering unparalleled lifestyle access.

The asset has demonstrated exceptional market strength, sustaining occupancy above 95% throughout the past year with minimal concession activity—a clear indicator of robust tenant demand and stable operations. With current rents positioned below new construction comparables, the property offers significant value-creation opportunities through targeted capital improvements and strategic repositioning.

Gibson Flats represents an extremely rare opportunity to acquire a trophy asset along one of Austin’s most dynamic corridors.

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개요

단위 수

202

점유율

95%

건축년도

2014

건물 면적 순

14,608 제곱미터

미디어

투자 하이라이트

Prime location along South Lamar, one of Austin's most dynamic corridors

Over one million square feet of retail and 705,000 square feet of office space within two miles
Less than two miles from downtown Austin

Exceptional performances with value-add upside

Consistently maintained 95%+ occupancy over the past 12 months with minimal concessions
Strong tenant demand and operational stability
Market rents average approximately $400 below comparable new construction assets

Favorable supply-demand dynamics

Supply-constrained environment with only 574 multifamily units scheduled for delivery over the next three years
Submarket absorbed 351 units in the past year alone
Limited pipeline positions the asset to capture sustained rent growth