Ranch29 Multifamily Tract

Jones Lang LaSalle (“JLL”) is pleased to offer the unique opportunity to acquire the Ranch29 Development Tract (the “Property” or “Site”). The entirety of the acreage consists of ±42.68 acres, including a fully entitled, "shovel-ready" ±35.84-acre development Site as well as a ±6.84-acre C-3 zoned commercial tract in Liberty Hill, Texas—one of the fastest-growing suburbs in the northern part of the Austin MSA. Positioned just off the Highway 183A corridor along Highway 29, the Site is in the immediate path of growth, offering a developer a de-risked asset that bypasses the region's lengthy and uncertain entitlement process. The entire site is ±42.68 acres and includes ±6.84 acres located within the Liberty Hill Jurisdiction. The multifamily tract is slated for a 318-unit, market-rate community with a mix of studio, one-, two- and three-bedroom units averaging 923 SF. A buyer can proceed with phase 1 of the multifamily tract with phase 1 directly to permitting with full construction plan sets in hand and wet utilities available, saving significant time and cost. Furthermore, the sellers have negotiated a traffic mitigation agreement that permanently exempts the land from traffic impact analyses and associated fees, providing hundreds of thousands of dollars in direct cost savings. This is a rare opportunity to capitalize on the area's powerful growth by developing a premier residential community in a submarket with limited new, high-end supply.