Metro: Austin - Top Producer® Website · 2018. 3. 24. · employment growth based on the supply of workers, not the supply of jobs. According to Current Employment Statistics (CES)

Metro: Austin

Copyright 2018 Reis, Inc.


ContentsMetro Executive Briefing 2

Reis Observer 5

Metro Trend Futures 13

Current Metro Rent Details14

Rent Growth Comparisons14

Current Metro Vacancy Details14

Vacancy Rate Comparisons15

Metro Unit Mix Rent Details15

Metro Unit Mix Inventory Details16

Metro Inventory Details16

Inventory Growth Comparisons17

Construction/Absorption Change17

Economic and Demographic Trends18

Metro Area Map19

Metro Data21

Metro Class Cut 22

Market Data by Building Class - Class A Properties23

Market Data by Building Class - Class B/C Properties24

Submarket Overview 25

New Construction Listing 27

Construction Deliveries28

Metro Construction Breakdown28

Submarket New Construction Project Tally28

Metro Inventory Details28

Inventory Growth Rankings Forecast29

Construction/Absorption Change29

Occupancy at Completion29

Stabilization Data30

Metro Area Map30

New Construction Listing32

Sales Trend 66

Activity67

Map67

Most Recent Transactions68

Comparable Group Details69


Metro Executive Briefing

Metro Executive BriefingApartment - 4th Quarter 2017Prepared By Reis, Inc.

Powered By Reis Metro: AustinCustomerID:1016323

Copyright 2018 Reis, Inc. Page 41016323

Section 1 - Executive Briefing on Metro Conditions

Average Asking Rent $1,175

● Up 0.4% from Q3 2017.

● Expected to finish 2018 at $1,219.

Average Vacancy Rate 5.7%

● Drifted upward by 20 basis points.

● Among the 20 highest vacancies nationally.

● Expected to finish 2018 at 6.2%.

Market Overview

The Austin apartment market iscomprised of 199,086 units infourteen geographic concentrationsranging in size from the 31,976 unitFar South submarket to the NearNorth Central submarket, whichaccounts for 3,733 units. In thenine-year period beginning with Q12008, the Far South submarket hasexperienced the greatest introductionof new inventory, 10,355 units,amounting to 18.7% of all new marketrate rentals added to the market.

Asking and Effective Rent

During the fourth quarter of 2017,asking rents in the Texas state capitaladvanced by 0.4% to an average of$1,175. Mean unit prices in the metroare as follows: studios $926, onebedrooms $1,037, two bedrooms$1,325, and three bedrooms $1,628.The market has now experienced fourconsecutive quarterly gains in askingrent, for a cumulative total of 5.3%.Since the beginning of Q1 2008, themetro as a whole has recorded anannual average increase of 3.5%.Effective rents, which exclude thevalue of concessions offered toprospective tenants, also climbed by

0.4% during the fourth quarter. Theparity in rates of change shows thatlandlords have been able to raiserents without also increasing therelative value of concessionspackages offered to new renters.During the past four quarters, positivemovement in asking rent wasrecorded in all fourteen of the metro'ssubmarkets.

Competitive Inventory, HouseholdFormations, Absorption

The fourth quarter added 6,230 netnew households to the Austin MSA.Quarterly movement in the averageoccupancy level of market rateapartment properties rarely mirrorsthe period's total household formationor losses, but it is advisable to weighlonger-term economic anddemographic trends as factorscontributing to current demand. Sincethe beginning of Q1 2008, householdformations in Austin have averaged2.9% per year, representing theaverage annual addition of 20,500households. This pace of householdformations contributed to anabsorption rate of 670 units during thefourth quarter, while the metroinventory increased by 1,094 units.Consequently, the metro average

vacancy rate drifted upward by 20basis points to 5.7%. Over the lastfour quarters, market absorptiontotaled 5,219 units, 0.7% lower thanthe average annual absorption rate of5,256 units recorded since thebeginning of Q1 2008. From anhistorical perspective, the fourthquarter vacancy rate is 0.5percentage points lower than the6.2% average recorded since thebeginning of Q1 2008.

Outlook

Over the next eight quarters,developers are projected to deliver atotal of 8,988 units. Net newhousehold formations at the metrolevel over the same period areprojected to average 2.9% annually,enough to facilitate an absorption rateaveraging 4,078 units per year.Because this amount does not exceedthe forecasted new construction, themarket vacancy rate will rise by 20basis points to finish 2019 at 5.9%.On an annualized basis through 2018and 2019, asking and effective rentsare expected to rise by 3.2% and3.3%, respectively, to finish 2019 at$1,252 and $1,172.


Reis Observer

Reis Observer AUSTIN

1

Published December 11, 2017 THE ECONOMY

Metro Austin continues to run out of housing and workers, limiting its employment growth based on the supply of workers, not the supply of jobs. According to Current Employment Statistics (CES) data from the U.S. Bureau of Labor Statistics (BLS), total non-farm payroll employment increased by 22,200 jobs (2.2%) from October 2016 to October 2017, down from a gain of 35,100 (3.6%) in the prior 12 months. The private sector increase was 19,200 (2.3%), down from an increase of 31,600 (3.9%). According to household-based data from the BLS, the labor force of metro Austin increased by 22,240 (2.0%) in the year to September, a healthy gain but only half the increase of 44,820 (4.2%) in the prior 12 months. Moody’s Economy.com reports the overall population increased 58,950 (2.8%) in the year to the third quarter of 2017, consistent with past large gains, with the number of households up 22,210 (2.8%). But household average income rose just 0.9% over a year, according to this source. Meanwhile, the National Association of Realtors reports that the median existing home sales price was $296,400 in the third quarter in metro Austin, up 4.4% from a year earlier and well above the U.S. average of $254,000, Dallas-Fort Worth at $249,000, Houston at $233,900, and San Antonio at $220,700. PricewaterhouseCoopers, however, doesn’t see the threat to growth that others do. “The annual Emerging Trends in Real Estate Report is out and Austin remains a hot spot for real estate investment—but another city has edged out the Texas capital in the No. 1 position,” the Austin Business Journal reported in October. “Austin’s secret sauce is that the workers are there,” particularly the young. “An added boost—there are more young people in the pipeline. In the next five years, the growth of population in the 15-34 year old age range is projected to increase by 2.6% across the U.S. In Austin, the number may grow dramatically more—some 20.0%, experts forecast.” “Austin is described along with Nashville and Charlotte as southern cities with a strong appeal to younger workers. Furthermore, Austin was also likened to Raleigh/Durham, North Carolina and Knoxville, Tennessee for providing a pipeline of talent from highly ranked universities.” Meanwhile, according to another Business Journal article, “there are about 39,500 job openings in the area during the most recent look.” “Registered nurse was the top posted occupation for September 2017—likely fueled by the new Dell Seton Medical Center teaching hospital—while computer systems analysts saw the largest year-to-year increase in postings for all occupations.”

Employment:

The BLS reports a seasonally unadjusted unemployment rate of 2.9% in September 2017 for the Austin-Round Rock MSA, down from 3.4% a year earlier.

Moody’s Economy.com reports

a third quarter 2017 average household income of $137,018 for the Austin MSA. Average household incomes of $147,921 and $142,523 are reported for the top metros in the nation and Southwest region, respectively.

Employment Growth:

Employment by Sector:

Reis ObserverDecember 11, 2017Prepared By Reis, Inc.




2

Published December 11, 2017 According to CES data by sector, the Professional and Business Services

sector added no net jobs in the year to October 2017, down from a gain of 6,100 (3.7%) in the prior 12 months. Among the other office-based sectors, Financial Activities added just 100 jobs (0.2%), down from a gain of 3,500 (6.4%), and Information lost 1,200 jobs (4.2%), following a gain of 1,200 (4.4%). Most of the consumer-driven sectors added jobs, thanks to population growth. The institutional Education and Health Services sector was up 5,000 jobs (4.2%) in the year to October, Leisure and Hospitality added 6,000 (4.9%), and Other Services was up 900 (2.0%). The Retail Trade sector, however, lost 1,500 jobs (1.4%) despite gains of 600 jobs (2.9%) in the Food and Beverage Store industry, which includes supermarkets, and 700 (4.2%) in the big-box General Merchandise Stores industry. Among the industrial sectors, Construction and related was up 2,800 jobs (4.7%) in the year to October, and Manufacturing employment was also up 2,800 (5.1%) despite a decrease of 100 jobs in the locally important Computer and Electronic Product Manufacturing industry. Distribution is apparently expanding, however, as Wholesale Trade employment was up 3,500 jobs (7.1%) and Transportation and Utilities up 800 (4.4%). In addition to housing, rapid population growth is overwhelming metro Austin’s automobile-oriented transportation system. “The expansion of I-35 has morphed into an $8.1 billion plan that would add two managed toll lanes in both directions—similar to the ones that just opened on MoPac Expressway—but no extra free lanes,” according to the Business Journal. “The Texas Department of Transportation unveiled the plan…which would get rid of the highway’s upper deck in downtown Austin and instead stack three levels of roads with two lanes each on top of each other in what’s known as a ‘cantilever’ configuration.” “The so-called Capital Express project would stretch 33 miles along I-35, from RM 1431 in Williamson County in the north to Texas 45 Southeast near Hays County in the south.” OUTLOOK Moody’s Economy.com predicts that the local population will continue to soar by about 60,000 per year despite rising housing prices and traffic congestion. The number of households is forecast to rise by 116,910 in the five years from year-end 2016 to year-end 2021. But employment growth is expected to slow, from an average 38,700 (4.3%) per year from 2012 to 2016 to 21,900 (2.1%) per year from 2017 to 2021.





3

Published December 11, 2017 THE REAL ESTATE MARKET

OFFICE A new supply boom is preventing a decrease in vacancy in the 46.5-million-square-foot Austin general purpose, multi-tenant office market, but rent gains show the market is strong. Reis reports nearly 1.5 million square feet of new competitive space has been added in 2017 through October, with net absorption at nearly 1.1 million square feet. The October vacancy rate was 12.9%, unchanged since mid-year but up 40 basis points year-to-date. The third quarter Class A vacancy rate is 12.6%, little changed for the quarter and year-over-year, while the Class B/C rate is 13.6%, up 30 basis points over three months and 12 months. Nearly two-thirds of local space is Class A. An additional 186,400 square feet of new office space completed construction in November and December, leaving 2.86 million square feet under construction. Reis predicts the vacancy rate will end 2017 at 13.3% and then fall to 12.3% in 2021 as 2.9 million square feet of new space added is met by 3 million square feet of net absorption. With planned space waiting in the wings, the boom is expected to extend past 2021. Rents increased 0.5% by both measures in the third quarter to $30.88 psf asking and $25.10 psf effective. A one-penny asking rent gain in October lifted the year-to-date increase to 2.5% by both measures, and Reis predicts a solid gain of 3.2% for all of 2017. The Class A asking average was up 0.7% during the third quarter to $34.41 psf, while the Class B/C asking average was up 0.5% to $24.53 psf, up 2.1% and 2.3% from a year earlier. Overall rents are rising, in part, because a higher and higher share of the total inventory is Class A. Reis predicts average rents will rise 2.0% to 3.0% per year from 2018 to 2021, with large gains in years when more expensive new space completes construction. Cushman & Wakefield reports a vacancy rate of 10.5%, up from 8.8% a year

earlier, and an average asking rent of $36.71 psf, up from $34.00 psf. This source reports a lease by Facebook for 231,000 square feet during the quarter.

Special Real Estate Factors:

Office: “Austin’s red-hot

commercial real estate market means office tenants are paying rental rates similar to those found in some of the country’s priciest cities,” wrote the Austin Business Journal. “A tenant spending $5,000 per month for Class A office space can get 1,087 square feet in Austin. That trails only Boston (where you could afford 1,006 square feet); Washington, D.C. (849 square feet); San Francisco (803 square feet); and New York City (703 square feet). Austin is more expensive than places including Dallas (where you could afford 2,012 square feet at that price), Portland (1,789), and San Jose in the heart of Silicon Valley (1,250 square feet), CommercialCafe reports. Here’s a graphical look at the comparison: Put another way, if a startup executive wanted to give each of her 101 employees 151 square feet, she would need a 15,251-square-foot office. That would cost $841,855 a year in Austin for Class A space, versus $692,167 in Seattle, $436,102 in Nashville, or $321,949 in Kansas City.” “‘Significant leasing activity and expansion by blue-chip companies such as Google, Facebook, and Amazon reflect the ongoing confidence in the Austin office market,’ according to Cushman & Wakefield. ‘In addition, the market for younger startup companies is strong and healthy.’”





4

Published December 11, 2017 APARTMENT

The 198,350-unit metro Austin apartment market is expected to add the third-most apartments since 1990 in 2017, at about 8,500, according to Reis. By October, nearly 5,800 had completed construction, exceeding the 4,040 units of net absorption and increasing the vacancy rate 70 basis points year-to-date to a still-moderate 6.0%. The third quarter vacancy rate was 7.0% for Class A units, up 10 basis points over the period, and 4.3% for Class B/C units, up 20 basis points. Tenants may be upgrading: the Class A rate is up 50 basis points year-over-year, but the Class B/C rate is up 120 basis points with negative net absorption. The 312-unit Arrington Ridge completed construction in Round Rock in November, leaving just under 11,000 units under construction. Reis predicts the vacancy rate will peak at 6.8% in 2018, then fall back to around 6.0% as development slows. New supply and a preponderance of inventory in the Class A segment are lifting average rents. As of October, the average asking rent was up 4.8% year-to-date to $1,169 per month, and the average effective rent was up 5.9% to $1,094 per month. Gains of 5.9% and 6.9%, respectively, are forecast for 2017. Whereas the Class A asking average is up 3.8% year-over-year to $1,330 per month, however, the Class B/C average is up just 1.9% to $890 per month. As there is less new supply to pull up overall rents, Reis predicts rent gains will slow to around 2.0% per year starting in 2020. Tenants, it appears, are getting their money’s worth here. According to 2016 American Community Survey data from the U.S. Census

Bureau, the vacancy rate for all rental units in metro Austin, including units in small buildings, affordable housing, and rental one-family homes, was 6.5%, above the U.S. average of 5.9%, and the median gross rent was $1,184 per month, above the U.S. average of $981 per month. This source reports 37.9% of metro Austin renters paid 35.0% of their income or more in rent, compared with 40.7% for the U.S. as a whole.

Special Real Estate Factors: Continued

Apartment: The neighborhood between downtown and the UT campus “is expected to be the next locus of construction activity with the redevelopment of the former University Medical Center Brackenridge hospital and an ambitious creation of a proposed innovation district,” stated the Business Journal. “As the innovation district plans have coalesced, the private sector has moved ahead with plans for redeveloping properties in the general vicinity. Real estate blog Austin Towers recently reported that Trammell Crow Residential plans to build a 30-story tower at 700 E. 11th St. on the current site of the Texas Trucking Association building. The project would be an apartment under the banner of Trammell Crow Residential’s Alexan brand.”

“The Guthrie, a new multifamily project, is rising from the former site of Guthrie Lumber & Distribution near Gonzales and Tillery streets in a formerly rural area east of downtown Austin,” according to the Business Journal. “Argyle Residential, an affiliate of Austin-based Cypress Real Estate Advisors, has already broken ground on the 322-unit project, which will include a live-work element on a small parcel across the street from the larger development.” Argyle started developing the area early, noted this source, with three residential projects already completed on the East Side.





5

Published December 11, 2017 RETAIL

Retail development is limited in metro Austin when compared with the amount of housing and office space being built. The 952,175-square-foot first phase of the Stone Hill Town Center power center completed construction in Pflugerville in September, followed by 110,000 square feet of retail at the mixed-use The Summit at Rivery Park in Georgetown and 24,300 square feet at the mixed-use Covered Bridge Village in South Austin. That, however, left just two projects under construction, led by 743,415 square feet of retail at the mixed-use Kyle Crossing in Kyle. The 21.6-million-square-foot Austin community-neighborhood shopping center market is particularly quiet, with just 35,000 square feet of new space completed in 2017 through October and 61,000 square feet of net absorption. The October vacancy rate was just 5.3%, down 10 basis points year-to-date, with the average asking rent up 2.5% to $23.36 psf and the average effective rent up 2.5% to $21.27 psf. The other project under construction is the 75,000-square-foot Oak Meadows Marketplace neighborhood center in Georgetown. Reis predicts the vacancy rate will end 2017 at 5.2%, with rents up 2.7% asking and 2.9% effective for the year. The third quarter 2017 power center vacancy rate was 6.4%, according to Reis, up 40 basis points from prior quarter reporting but down 20 basis points year-over-year. The average asking rent for power centers is high at $29.38 psf and up a huge 7.2% over twelve months. The big-box meltdown has not affected Austin. “Round Rock is considering offering incentives for the master-planned project,

which would include at least 1 million square feet of commercial and residential development,” according to the Business Journal. “That’s roughly equivalent to what Barton Creek Square mall has to offer, in terms of square footage.” Mark VI capital owns 65.5 acres of land on the southeast corner of the intersection between SH 45 and I-35 after buying in 2016, and has planned the project.

Retail: “If you took a walk down New York City’s Bleecker Street in the 1990s, you’d find many eclectic shops, local restaurants, and gathering places like what you see currently on Austin’s famed South Congress Avenue,” a guest columnist wrote in the Business Journal. “If you take a walk down Bleecker Street now, you’ll see deserted sidewalks, boarded up storefronts, and very few of the local businesses that once thrived there. It should serve as a cautionary tale for South Congress landlords.” The cachet of Bleecker Street attracted major national and international brands, and “landlords jumped at the prospect of much higher rents and leases backed by major corporations.” However, “once the street had metamorphosed from a neighborhood with a vibrant local culture into a high-end shopping mall, the cachet with being located on Bleecker faded. The stores were meant to serve more as billboards than lucrative points of sale in the first place, so when Bleecker stopped being cool and the retail sector was disrupted by online shopping, the major brands fled. Today, storefronts are empty or boarded up, and landlords who once commanded some of the highest rents on the globe are struggling to find tenants.” To prevent this from happening in Austin, the source recommends landlords combine into a single leasing agent for the strip and tenants combine into a single online marketplace for all of them.






6

Published December 11, 2017 TRANSACTION ANALYTICS

Office Reis reports just two qualifying single property office investment sales for the third quarter of 2017, with a transaction volume of $10.2 million, a mean price of $283 psf, and a mean cap rate of 5.3%.* A strong fourth quarter will be required for the 2017 sales total, now at $509.1 million, to match the $866 million of 2016. The rolling 12-month cap rate is high at 7.8%, down 90 basis points from the prior quarter and down 80 basis points year-over-year. No third quarter deals are among the ten largest year-over-year. Apartment Apartment deals remained active during the third quarter, with 16 deals for $250.8 million at a mean price of $111,000 per unit. The rolling 12-month cap rate is 5.3%, unchanged from the prior quarter and up 60 from a year earlier. There was $1.75 billion in apartment property told in 2016, compared with $1.16 billion through three quarters of 2017. In the largest third quarter deal, Monogram Residential Trust sold the 217-unit Seven in Austin to Greystar for $56.625 million ($260,945 per unit) in September. Retail Third quarter retail deals were led by the 230,000-square-foot Kyle Marketplace in Kyle. DDR Corporation sold it to InvenTrust Properties Corporation in September for $59 million ($257 psf). There were 17 third quarter deals in total for $158.2 million at a mean price of $249 psf and a mean cap rate of 4.7%. The rolling 12-month cap rate ended the quarter at 6.2%, down from 6.6% the quarter before and down from 8.1% a year earlier.

* Reis Transaction Analytics includes single sale transactions of $2,000,000 and greater, and excludes portfolio sales where pricing of individual buildings cannot be confirmed.





7

Published December 11, 2017 INDUSTRIAL

The 15.9-million-square-foot Austin Flex/R&D market got some new supply in the third quarter of 2017, as the 116,200-square-foot Tech Ridge 3.1 completed construction in northeast Austin in July. By October, however, net absorption totaled 105,000 square feet year-to-date, leaving the vacancy rate unchanged for 2017 at 9.4%. The average asking rent was up 2.5% year-to-date to $9.71 psf in October, with the average effective rent up 2.8% to $8.70 psf. Two Flex/R&D buildings with a total of 230,250 square feet are under construction at Brushy Creek in Cedar Park. In Austin, the three-phase Data Foundry, with 325,000 square feet, and the 325,000-square-foot Texas 2 completed recently. The Flex/R&D vacancy rate is forecast to fall to 8.9% at year-end 2017 and 6.6% at year-end 2021. Rent gains are anticipated at 3.5% to 4.0% per year through 2021, roundly speaking. The 35.6-million-square-foot Austin Metropolitan Statistical Area (MSA) warehouse/distribution market is more active with 754,000 square feet completing construction thus far in 2017 including three buildings with 322,900 square feet added at Freeport Tech Center South in southeast Austin in July. Net absorption totaled just 214,000 square feet year-to-date through October, and the vacancy rate increased 140 basis points to 9.0%. The average asking rent is up a strong 3.3% year-to-date to a relatively high $7.22 psf, with the average effective rent up 3.6% to $6.43 psf. More development is coming, with 145 million square feet under construction including 550,000 square feet at the Living Spaces Fulfillment Center in Pflugerville. Reis predicts the vacancy rate will fall back to 8.5% at year-end 2017 and 6.7% at year-end 2021, as rents rise at around 4.0% per year. Cushman & Wakefield notes a vacancy rate of 9.5%, up 200 basis points from a

year earlier, and an asking rent of $9.34 psf, down from $9.75 psf, for industrial space in Austin. This source reports minus 385,000 square feet of net absorption during the third quarter, a “sign” of a “softening” market.


For additional metro and submarket level information on the top 82 markets for the four principal property types, visit www.reis.com or call Reis at: (800) 366-REIS.

Unless otherwise indicated, economic and demographic data provided by Moody’s Economy.com

Publication Date: December 2017 © 2017 Reis, Inc.

Industrial: “An industrial complex with more than 600,000 square feet of leasable space is set to rise on a 30-acre parcel of grassland just east of I-35 in Buda, south of Austin,” the Business Journal reports. “Exeter Property Group hopes to break ground on the first phase—a 300,000-square-foot building—in early 2018. Hays County has agreed to an incentives deal that would rebate 15.0% of the property taxes for the site at buildout, increasing to 30.0% once the developer finds a tenant with at least 50 employees.” Buda is also putting up $130,000 in cash to subsidize the development. “The site should appeal to companies with big distribution needs—for sending products into Austin as well as the wider region with easy access to I-35.”

Sector 3Q17 3Q16 Chg

Office 12.9% 12.8% 10 bps

Apartment 6.0% 5.2% 80 bps

Retail 5.3% 5.6% -30 bps

Warehouse 9.0% 7.9% 110 bps

Flex/R&D 9.4% 10.0% -60 bps

Vacancy

Sector Chg

Office $30.88 psf $30.15 psf 2.4%

Apartment $1,166 month $1,126 month 3.6%

Retail $23.28 psf $22.64 psf 2.8%

Warehouse $7.04 psf $6.85 psf 2.8%

Flex/R&D $9.63 psf $9.37 psf 2.8%

Rents3Q17 3Q16





Metro Trend Futures

Metro Trend FuturesApartment - 4th Quarter 2017Prepared By Reis, Inc.



Section 3 - Current Metro Rent Details

Asking Rent by Age Asking Rent Distribution Asking Rent Growth Rate Distribution

Year Built Rent

Before 1970 $1,048

1970-1979 $1,080

1980-1989 $1,002

1990-1999 $1,283

2000-2009 $1,314

After 2009 $1,604

All $1,175

As of 12/31/17

Low 25% Mean Median 75% High

$763 $985 $1,175 $1,138 $1,354 $2,309

263

363

63

16 6 3 1 1

Under$1,068

$1,069$1,616

$1,617$2,164

$2,165$2,712

$2,713$3,260

$3,261$3,808

$3,809$4,356

$4,357Over

Num

ber

of P

rope

rtie

sLow 25% Mean Median 75% High

- 7.5% - 1.9% 0.4% - 0.2% 1.9% 8.3%

1 360

455

174

17 2 1

Under-18.8%

-18.7%-12.0%

-11.9%- 5.2%

- 5.1%1.6%

1.7%8.4%

8.5%15.2%

15.3%22.0%

22.1%Over

Num

ber

of P

rope

rtie

s

64 Negative Growth 649Positive Growth

As of 12/31/17 Qtr Ending 12/31/17

Section 4 - Rent Growth Comparisons

Asking Rent Growth

Quarterly Annualized

4Q17 3Q17 YTD Avg 1 Year 3 Year 5 Year 5 Yr Forecast

Austin 0.4% 2.1% 1.3% 5.3% 4.7% 4.5% 2.7%

Southwest 1.0% 1.7% 1.2% 4.9% 4.7% 4.4% 2.8%

United States 0.5% 1.3% 1.0% 4.2% 4.7% 4.3% 2.7%

Period Ending: 12/31/17 09/30/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/22

Metro Rank Total Metro RanksCompared to: Metros

4Q17 3Q17 YTD 1 Year 3 Year 5 Year 5 Yr Forecast

Southwest 9 9 1 2 2 2 2 4United States 82 40 8 14 14 28 19 26

2012 2014 2016 2018 2020 20220.0

1.0

2.0

3.0

4.0

5.0

6.0

Austin

Southwest

US

Asking Rent Growth Rate Trends and Forecast%

Period ending 12/31/22




Section 5 - Current Metro Vacancy Details

Vacancy Rate By Age Vacancy Rate Distribution

Year Built Vac. Rate

Before 1970 5.0%

1970-1979 3.5%

1980-1989 4.5%

1990-1999 4.3%

2000-2009 4.5%

After 2009 10.2%

All 5.7%

As of 12/31/17

Low 25% Mean Median 75% High

0.0% 2.5% 5.7% 4.1% 6.7% 24.4%

636

5311 5 4 4 2 1

Under9.1%

9.2%18.3%

18.4%27.5%

27.6%36.7%

36.8%45.9%

46.0%55.1%

55.2%64.3%

64.4%Over

Num

ber

of P

rope

rtie

s

As of 12/31/17

Section 6 - Vacancy Rate Comparisons

Vacancy Rates



Austin 5.7% 5.5% 5.6% 5.5% 5.4% 5.1% 5.6%

Southwest 5.6% 5.7% 5.6% 5.4% 5.4% 5.5% 5.9%

United States 4.5% 4.4% 4.4% 4.4% 4.4% 4.4% 5.1%

Period Ending: 12/31/17 09/30/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/22




2012 2014 2016 2018 2020 2022

4.5

5.0

5.5

6.0

Austin

Southwest

US

Vacancy Rate Trends and Forecast%





Section 7 - Metro Unit Mix Rent Details

Current Metro Average Rents and Sizes Asking Rent Growth

4Q 2017 Quarterly Annualized

Rent Avg. SF Avg. Rent PSF 4Q17 3Q17 YTD 1 Year 3 Year 5 Year

Studio/Efficiency $926 483 $ 1.92 0.2% 1.9% 6.2% 6.2% 7.6% 8.2%

One Bedroom $1,037 726 $ 1.43 0.4% 2.1% 5.0% 5.0% 4.7% 4.6%

Two Bedroom $1,325 1058 $ 1.25 0.5% 2.2% 5.5% 5.5% 4.6% 4.4%

Three Bedroom $1,628 1360 $ 1.20 0.1% 1.2% 4.2% 4.2% 3.8% 3.5%

Average over period ending: 12/31/17 09/30/17 12/31/17 12/31/17 12/31/17 12/31/17

Studio 1 BR 2 BR 3 BR

$0

$500

$1,000

$1,500

$2,000

Asking Rent Comparisons

Austin Southwest USStudio 1 BR 2 BR 3 BR

$0.00

$0.50

$1.00

$1.50

$2.00

Asking Rent Per SF

Austin Southwest US


Austin $926 $1,037 $1,325 $1,628

Southwest $807 $954 $1,214 $1,503

United States $1,227 $1,363 $1,598 $1,901As of 12/31/17


Austin $ 1.92 $ 1.43 $ 1.25 $ 1.20

Southwest $ 1.49 $ 1.23 $ 1.08 $ 1.05

United States $ 2.19 $ 1.69 $ 1.41 $ 1.32As of 12/31/17

Section 8 - Metro Unit Mix Inventory Details

3.3%

52.8%

39.3%

4.7%

Metro Unit Mix

Studios1 BR2 BR3 BR +


0

500

1,000

1,500

Average Unit Size (SF)

Austin Southwest US

As of 12/31/17 As of 12/31/17




Section 9 - Metro Inventory Details

Inventory By Building Age Apartment Stock Traits

Year Built Percent

Before 1970 3.0%

1970-1979 9.0%

1980-1989 23.0%

1990-1999 14.0%

2000-2009 28.0%

After 2009 23.0%

All 100.0%

As of 12/31/17

MetroLow Mean Median High

Year Built 1965 1995 1996 2017Size (units) 40 242 241 2,044

Distance to Highway (miles) 0 0.6 0.4 3.1Distance to CBD (miles) 1.7 7.6 6.8 22.6

Distance to Landmark (miles) 0.3 4.9 4.5 16.1As of 12/31/17 Landmark =Colorado River

Average Metro Lease Terms

Free Rent(mos)

Expenses %(Apartment)

0.77 47.7%As of 12/31/17

Section 10 - Inventory Growth Comparisons

Inventory Growth Rates



Austin 0.6% 0.9% 0.9% 3.3% 3.9% 3.9% 1.4%

Southwest 0.5% 0.3% 0.6% 2.3% 2.6% 2.5% 1.1%

United States 0.5% 0.5% 0.5% 2.0% 2.0% 1.9% 1.1%

Period Ending: 12/31/17 09/30/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/22




2012 2014 2016 2018 2020 20220.0

1.0

2.0

3.0

4.0Austin

Southwest

US

Inventory Growth Comparisons and Forecast%





Section 11 - Construction/Absorption Change

Construction and Absorption

Quarterly

4Q17 3Q17 YTD Avg

Units Built UnitsAbsorbed

Con/AbsRatio Units Built Units

AbsorbedCon/Abs

Ratio Units Built UnitsAbsorbed

Con/AbsRatio

Austin 1,094 670 1.6 1,693 1,817 0.9 1,603 1,305 1.2

Southwest 9,193 9,096 1.0 12,029 6,043 2.0 11,699 6,931 1.7Average over period ending: 12/31/17 12/31/17 12/31/17 09/30/17 09/30/17 09/30/17 12/31/17 12/31/17 12/31/17

Annualized

1 Year History 3 Year History 5 Year History



AbsorbedCon/Abs


Con/AbsRatio

Austin 6,410 5,219 1.2 7,432 6,610 1.1 7,060 6,117 1.2


Annualized

5 Year Forecast


Con/AbsRatio

Austin 2,763 2,767 1.0

Southwest 19,974 17,746 1.1Average over period ending: 12/31/22 12/31/22 12/31/22

0

2,000

4,000

6,000

8,000

Num

ber

of U

nits

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

0

2

4

6

Vac

ancy

Rat

e (%

)Construction/Absorption and Vacancy

Vacancy Rate Construction Absorption





Section 12 - Economic and Demographic Trends

2012 2014 2016 2018 2020 2022-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

Total Employment Households Avg HH Income Population

Austin Economic/Demographic Trends and Forecast

Per

cent

age

Cha

nge

Provided by Moody's Economy.com, Period ending 12/31/22

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

1.0%

2.0%

3.0%

4.0%

Austin Southwest US

Total Employment Growth Trends and Forecast Metro vs. Region & U.S.

Per

cent

age

Cha

nge


2012 2014 2016 2018 2020 2022

2.60%

2.80%

3.00%

3.20%

3.40%

Population Households

Austin Population/Household Growth Trends and Forecast

Per

cent

age

Cha

nge





Section 13 - Metro Area Map: Austin




Section 14 - Metro Data

Year Qtr InventorySF/Units Completions Inventory

Growth% Vacant Stock VacancyRate

VacancyChange(BPS)

OccupiedStock

NetAbsorption Asking Rent Ask Rent %

Chg

2012 Y 164,333 2,578 1.6% 7,224 4.4% -50 157,109 3,225 $942 3.1%

2013 Y 169,031 4,742 2.9% 7,639 4.5% 10 161,392 4,283 $981 4.2%

2014 Y 177,294 8,263 4.9% 9,430 5.3% 80 167,864 6,472 $1,025 4.5%

2015 Y 184,941 8,151 4.3% 9,980 5.4% 10 174,961 7,097 $1,090 6.4%

2016 Q1 187,512 2,571 1.4% 10,309 5.5% 10 177,203 2,242 $1,097 0.7%

2016 Q2 188,931 1,419 0.8% 9,797 5.2% -30 179,134 1,931 $1,112 1.4%

2016 Q3 191,201 2,270 1.2% 9,807 5.1% -10 181,394 2,260 $1,127 1.3%

2016 Q4 192,676 1,475 0.8% 10,202 5.3% 20 182,474 1,080 $1,116 - 1.0%

2016 Y 192,676 7,735 4.2% 10,202 5.3% -10 182,474 7,513 $1,116 2.4%

2017 Q1 194,565 1,889 1.0% 10,969 5.6% 30 183,596 1,122 $1,128 1.1%

2017 Q2 196,299 1,734 0.9% 11,093 5.7% 10 185,206 1,610 $1,145 1.5%

2017 Q3 197,992 1,693 0.9% 10,969 5.5% -20 187,023 1,817 $1,170 2.1%

2017 Q4 199,086 1,094 0.6% 11,393 5.7% 20 187,693 670 $1,175 0.4%

2017 Y 199,086 6,410 3.3% 11,393 5.7% 40 187,693 5,219 $1,175 5.3%

2018 Y 205,816 6,730 3.4% 12,846 6.2% 50 192,970 5,277 $1,219 3.8%

2019 Y 208,074 2,258 1.1% 12,225 5.9% -30 195,849 2,879 $1,252 2.7%

2020 Y 209,101 1,027 0.5% 11,050 5.3% -60 198,051 2,202 $1,278 2.1%

2021 Y 210,723 1,622 0.8% 11,084 5.3% 0 199,639 1,588 $1,308 2.3%

2022 Y 212,900 2,177 1.0% 11,371 5.3% 0 201,529 1,890 $1,341 2.5%

Year Qtr EffectiveRent

Eff Rent %Chg Cons/Abs Abs/Occ

Stock% Population Pop%Chg Employment Emp%

Chg Households HH%Chg

Avg HHIncome

AHHI%Chg

2012 Y $869 3.8% 0.8 2.1% 1,858,110 2.8% 860,600 4.9% 709,220 3.3% $123,835 8.6%

2013 Y $906 4.2% 1.1 2.7% 1,911,370 2.9% 898,900 4.5% 733,370 3.4% $121,348 - 2.0%

2014 Y $946 4.5% 1.3 3.9% 1,970,160 3.1% 936,370 4.2% 755,710 3.0% $129,860 7.0%

2015 Y $1,005 6.3% 1.1 4.1% 2,026,450 2.9% 978,330 4.5% 776,620 2.8% $132,711 2.2%

2016 Q1 $1,013 0.8% 1.1 1.3% 2,041,150 0.7% 987,330 0.9% 781,960 0.7% $131,702 - 0.8%

2016 Q2 $1,029 1.5% 0.7 1.1% 2,056,410 0.7% 994,670 0.7% 786,800 0.6% $132,048 0.3%

2016 Q3 $1,043 1.4% 1.0 1.2% 2,070,990 0.7% 1,004,430 1.0% 792,640 0.7% $132,161 0.1%

2016 Q4 $1,033 - 1.0% 1.4 0.6% 2,085,470 0.7% 1,014,170 1.0% 797,990 0.7% $131,560 - 0.5%

2016 Y $1,033 2.8% 1.0 4.1% 2,085,470 2.9% 1,014,170 3.7% 797,990 2.8% $131,560 - 0.9%

2017 Q1 $1,045 1.2% 1.7 0.6% 2,099,940 0.7% 1,018,830 0.5% 804,030 0.8% $133,741 1.7%

2017 Q2 $1,069 2.3% 1.1 0.9% 2,114,970 0.7% 1,023,200 0.4% 810,260 0.8% $133,755 0.0%

2017 Q3 $1,095 2.5% 0.9 1.0% 2,129,940 0.7% 1,025,600 0.2% 816,280 0.7% $134,411 0.5%

2017 Q4 $1,099 0.4% 1.6 0.4% 2,144,760 0.7% 1,030,870 0.5% 822,510 0.8% $135,280 0.6%

2017 Y $1,099 6.4% 1.2 2.8% 2,144,760 2.8% 1,030,870 1.6% 822,510 3.1% $135,280 2.8%

2018 Y $1,143 4.0% 1.3 2.7% 2,204,620 2.8% 1,052,560 2.1% 847,180 3.0% $140,644 4.0%

2019 Y $1,172 2.5% 0.8 1.5% 2,263,100 2.7% 1,072,510 1.9% 870,500 2.8% $145,770 3.6%

2020 Y $1,196 2.0% 0.5 1.1% 2,321,470 2.6% 1,087,170 1.4% 893,640 2.7% $149,625 2.6%

2021 Y $1,223 2.3% 1.0 0.8% 2,382,870 2.6% 1,111,860 2.3% 917,950 2.7% $154,598 3.3%

2022 Y $1,253 2.5% 1.2 0.9% 2,446,130 2.7% 1,137,270 2.3% 942,650 2.7% $159,799 3.4%


Metro Class Cut

Metro Class CutApartment - 4th Quarter 2017Prepared By Reis, Inc.



Section 15 - Market Data by Building Class - Class A Properties

Year Quarter Inventory(Units) Completions Vac % Vacant

StockOccupied

Stock Net Abs AskingRent($)

RentChange

Constr/Abs

Abs/OccStock %

Gr Rev.Unit ($)

2006 Y 68,691 2,609 7.2% 4,941 63,750 2,612 $938 2.4% 1.0 4.1 $870.53

2007 Y 72,688 3,997 6.9% 5,015 67,673 3,923 $979 4.4% 1.0 5.8 $911.46

2008 Y 76,956 4,268 8.4% 6,456 70,500 2,827 $1,018 4.0% 1.5 4.0 $932.60

2009 Y 85,718 8,762 10.9% 9,305 76,413 5,913 $1,011 - 0.7% 1.5 7.7 $901.25

2010 Y 88,306 2,588 7.0% 6,150 82,156 5,743 $1,023 1.2% 0.5 7.0 $951.75

2011 Y 88,555 249 4.9% 4,356 84,199 2,043 $1,052 2.8% 0.1 2.4 $1,000.25

2012 Y 90,799 2,244 4.8% 4,317 86,482 2,283 $1,082 2.9% 1.0 2.6 $1,030.56

2013 1 91,325 526 4.7% 4,291 87,034 552 $1,090 0.7% 1.0 0.6 $1,038.79

2013 2 92,779 1,454 5.2% 4,806 87,973 939 $1,101 1.0% 1.5 1.1 $1,043.97

2013 3 93,692 913 5.0% 4,718 88,974 1,001 $1,115 1.3% 0.9 1.1 $1,058.85

2013 4 95,541 1,849 5.5% 5,232 90,309 1,335 $1,125 0.9% 1.4 1.5 $1,063.39

2013 Y 95,541 4,742 5.5% 5,232 90,309 3,827 $1,125 4.0% 1.2 4.2 $1,063.39

2014 1 96,608 1,067 5.6% 5,434 91,174 865 $1,126 0.1% 1.2 0.9 $1,062.66

2014 2 99,114 2,506 6.1% 6,084 93,030 1,856 $1,140 1.2% 1.4 2.0 $1,070.02

2014 3 101,152 2,038 6.3% 6,341 94,811 1,781 $1,162 1.9% 1.1 1.9 $1,089.16

2014 4 103,804 2,652 6.8% 7,060 96,744 1,933 $1,171 0.8% 1.4 2.0 $1,091.36

2014 Y 103,804 8,263 6.8% 7,060 96,744 6,435 $1,171 4.1% 1.3 6.7 $1,091.36

2015 1 105,670 1,866 7.1% 7,457 98,213 1,469 $1,186 1.3% 1.3 1.5 $1,102.31

2015 2 107,738 2,068 7.3% 7,840 99,898 1,685 $1,211 2.1% 1.2 1.7 $1,122.88

2015 3 110,363 2,625 7.2% 7,965 102,398 2,500 $1,231 1.7% 1.1 2.4 $1,142.16

2015 4 111,955 1,592 7.0% 7,805 104,150 1,752 $1,241 0.8% 0.9 1.7 $1,154.48

2015 Y 111,955 8,151 7.0% 7,805 104,150 7,406 $1,241 6.0% 1.1 7.1 $1,154.48

2016 1 114,526 2,571 7.1% 8,095 106,431 2,281 $1,252 0.9% 1.1 2.1 $1,163.51

2016 2 115,945 1,419 6.6% 7,692 108,253 1,822 $1,269 1.4% 0.8 1.7 $1,184.81

2016 3 118,215 2,270 6.4% 7,607 110,608 2,355 $1,281 0.9% 1.0 2.1 $1,198.57

2016 4 119,114 899 6.5% 7,728 111,386 778 $1,266 - 1.2% 1.2 0.7 $1,183.86

2016 Y 119,114 7,159 6.5% 7,728 111,386 7,236 $1,266 2.0% 1.0 6.5 $1,183.86

2017 1 120,726 1,612 6.7% 8,136 112,590 1,204 $1,283 1.3% 1.3 1.1 $1,196.54

2017 2 122,460 1,734 6.7% 8,207 114,253 1,663 $1,302 1.5% 1.0 1.5 $1,214.74

2017 3 124,153 1,693 6.5% 8,072 116,081 1,828 $1,332 2.3% 0.9 1.6 $1,245.40

2017 4 124,935 782 6.6% 8,219 116,716 635 $1,338 0.5% 1.2 0.5 $1,249.98

2017 Y 124,935 5,821 6.6% 8,219 116,716 5,330 $1,338 5.7% 1.1 4.6 $1,249.98

Metro Class CutApartment - 4th Quarter 2017Prepared By Reis, Inc.



Section 16 - Market Data by Building Class - Class B/C Properties

Year Quarter Inventory(Units) Completions Vac % Vacant

StockOccupied

Stock Net Abs AskingRent($)

RentChange

Constr/Abs

Abs/OccStock %

Gr Rev.Unit ($)

2006 Y 71,877 0 7.2% 5,204 66,673 -317 $652 2.8% 0.0 -0.5 $604.79

2007 Y 72,115 312 6.5% 4,660 67,455 782 $690 5.8% 0.4 1.2 $645.41

2008 Y 72,287 568 6.9% 5,013 67,274 -181 $714 3.5% -3.1 -0.3 $664.49

2009 Y 73,200 1,033 9.3% 6,839 66,361 -913 $708 - 0.8% -1.1 -1.4 $641.85

2010 Y 73,200 0 7.0% 5,113 68,087 1,726 $719 1.6% 0.0 2.5 $668.78

2011 Y 73,200 0 4.8% 3,514 69,686 1,599 $745 3.6% 0.0 2.3 $709.24

2012 Y 73,534 334 4.0% 2,908 70,626 940 $769 3.2% 0.4 1.3 $738.59

2013 1 73,534 0 3.5% 2,545 70,989 363 $772 0.4% 0.0 0.5 $745.28

2013 2 73,490 0 3.3% 2,409 71,081 92 $777 0.6% 0.0 0.1 $751.53

2013 3 73,490 0 3.3% 2,404 71,086 5 $790 1.7% 0.0 0.0 $764.16

2013 4 73,490 0 3.3% 2,409 71,081 -5 $794 0.5% 0.0 0.0 $767.97

2013 Y 73,490 0 3.3% 2,409 71,081 455 $794 3.3% 0.0 0.6 $767.97

2014 1 73,490 0 3.1% 2,273 71,217 136 $802 1.0% 0.0 0.2 $777.19

2014 2 73,490 0 3.3% 2,426 71,064 -153 $804 0.2% 0.0 -0.2 $777.46

2014 3 73,490 0 3.3% 2,413 71,077 13 $815 1.4% 0.0 0.0 $788.24

2014 4 73,490 0 3.2% 2,370 71,120 43 $817 0.2% 0.0 0.1 $790.65

2014 Y 73,490 0 3.2% 2,370 71,120 39 $817 2.9% 0.0 0.1 $790.65

2015 1 73,490 0 3.2% 2,350 71,140 20 $821 0.5% 0.0 0.0 $794.75

2015 2 73,490 0 3.1% 2,276 71,214 74 $831 1.2% 0.0 0.1 $805.26

2015 3 73,490 0 3.3% 2,434 71,056 -158 $845 1.7% 0.0 -0.2 $817.01

2015 4 72,986 0 3.0% 2,173 70,813 -243 $858 1.5% 0.0 -0.3 $832.45

2015 Y 72,986 0 3.0% 2,173 70,813 -307 $858 5.0% 0.0 -0.4 $832.45

2016 1 72,986 0 3.0% 2,208 70,778 -35 $854 - 0.5% 0.0 0.0 $828.16

2016 2 72,986 0 2.9% 2,102 70,884 106 $863 1.1% 0.0 0.1 $838.15

2016 3 72,986 0 3.0% 2,202 70,784 -100 $877 1.6% 0.0 -0.1 $850.54

2016 4 73,562 576 3.4% 2,475 71,087 303 $872 - 0.6% 1.9 0.4 $842.66

2016 Y 73,562 576 3.4% 2,475 71,087 274 $872 1.6% 2.1 0.4 $842.66

2017 1 73,839 277 3.8% 2,835 71,004 -83 $875 0.3% -3.3 -0.1 $841.40

2017 2 73,839 0 3.9% 2,886 70,953 -51 $884 1.0% 0.0 -0.1 $849.45

2017 3 73,839 0 3.9% 2,895 70,944 -9 $896 1.4% 0.0 0.0 $860.87

2017 4 74,151 312 4.3% 3,177 70,974 30 $900 0.4% 10.4 0.0 $861.44

2017 Y 74,151 589 4.3% 3,177 70,974 -113 $900 3.2% -5.2 -0.2 $861.44


Submarket Overview

Submarket OverviewApartment - 4th Quarter 2017Prepared By Reis, Inc.



Section 17 - Submarket Overview

Submarket Inventory(Buildings)

Inventory(Units)

AskingRent $ Vac % Free Rent

(mos)Expenses %(Apartment)

Far South 166 31,976 $1,278 6.1% 0.86 48.2%

Near South Central 34 6,511 $1,441 5.2% 0.24 49.1%

Southeast 98 19,201 $1,056 7.4% 1.11 49.2%

Central 193 15,125 $1,501 6.1% 0.87 48.2%

East 71 9,192 $1,113 5.3% 1.02 48.3%

Near North Central 36 3,733 $1,047 6.0% 0.63 49.7%

Far North Central 70 12,192 $857 3.9% 0.70 47.6%

North Travis 77 23,229 $1,080 5.9% 0.71 47.0%

Near Northwest 31 7,286 $1,112 2.3% 0.67 48.5%

Far Northwest 76 19,355 $1,249 6.2% 0.69 47.7%

Hwy 183/Cedar Park 73 19,369 $1,130 6.3% 0.91 46.9%

Round Rk/Georgetwn 75 15,512 $1,090 4.8% 0.63 46.3%

San Marcos/N Hays 64 7,997 $1,038 5.4% 0.49 47.2%

Ranch Rd 620N/FM2222 30 8,408 $1,379 5.2% 0.52 46.3%


New Construction Listing

New Construction ListingApartment - 4th Quarter 2017Prepared By Reis, Inc.

Powered By Reis Metro: AustinAs of 29-Jan-2018CustomerID:1016323


Section 18 - Construction Deliveries

Completed Units Units Under Construction Totals Planned Proposed Totals

2017 YTD 2018 2018 2019 and Later 2017 and LaterMarket Rate Rentals 6,494 826 5,608 5,287 18,215 21,067 4,974 26,041

Condominiums 292 0 854 565 1,711 823 0 823Other 1,779 17 761 352 2,909 2,740 2,200 4,940Totals 8,565 843 7,223 6,204 22,835 24,630 7,174 31,804

Section 19 - Metro Construction Breakdown

81.0 %

4.6 %

14.4 %

Metro Construction by Project Type 2017 and Later

Market Rate RentalsCondominiumsOther

13.9 %

11.5 %

10.4 %

9.3 %

9.2 %

45.7 %

Metro Construction by Top Five Submarket Share 2017 and Later

Far SouthRound Rk/GeorgetwnSoutheastNorth TravisCentralOther Submarkets in Metro

Includes all recently completed, under construction, planned, and proposed properties from the table above. Note that some verified listings for planned and proposed properties do not yet have afirm completion date.

Section 20 - Submarket New Construction Project Tally

1. Completed 2. Under Construction 3. Planned/Proposed

Submarket Apartment Condo Other Apartment Condo Other Apartment Condo Other GrandTotal

Far South 1,004 112 251 1,768 35 115 4,176 129 15 7,605

Near South Central 343 0 1 475 0 21 0 78 162 1,080

Southeast 784 0 18 845 290 71 1,767 0 1,924 5,699

Central 27 32 0 424 801 183 2,852 542 146 5,007

East 850 109 786 1,139 267 200 713 18 473 4,555

Near North Central 0 39 0 632 0 30 968 0 39 1,708

Far North Central 0 0 0 328 26 0 263 0 0 617

North Travis 1,085 0 0 1,372 0 0 2,247 0 369 5,073

Near Northwest 0 0 0 0 0 0 334 0 41 375

Far Northwest 586 0 11 1,024 0 0 372 0 164 2,157

Hwy 183/Cedar Park 1,319 0 289 1,056 0 0 1,886 0 199 4,749

Round Rk/Georgetwn 856 0 288 1,092 0 114 3,385 0 548 6,283

San Marcos/N Hays 48 0 32 494 0 0 4,101 0 232 4,907

Ranch Rd 620N/FM2222 0 0 120 246 0 0 28 56 0 450

Non-Submarketed Areas 418 0 0 0 0 379 2,949 0 628 4,374




Section 21 - Metro Inventory Details

Inventory By Building Age

Year Built Percent

Before 1970 3.0%

1970-1979 9.0%

1980-1989 23.0%

1990-1999 14.0%

2000-2009 28.0%

After 2009 23.0%

All 100.0%

As of 12/31/172012 2014 2016 2018 2020 2022

0.0

1.0

2.0

3.0

4.0

Austin Southwest US

Apartment Inventory Growth Trend and Forecast%

Section 22 - Inventory Growth Rankings Forecast

Southwest Region Cumulative Inventory Growth Forecast Ranking 2018 and Later National Cumulative Inventory Growth Forecast Ranking 2018 and Later

Metro Cumulative Growth Forecast Rank Metro Cumulative Growth Forecast RankDallas 8.6% 1

Austin 6.9% 2

Fort Worth 6.0% 3

San Antonio 5.2% 4

Houston 4.0% 5

Tulsa 0.5% 9

Tulsa 0.5% 9

New York Metro 15.0% 1

Orlando 7.6% 19

San Jose 7.0% 20

Austin 6.9% 21

Boston 6.7% 22

Greensboro/Winston-Salem 6.6% 23

Tulsa 0.5% 82

Section 23 - Construction/Absorption Change

Construction and Absorption

Quarterly

4Q17 3Q17 YTD Avg



AbsorbedCon/Abs


Con/AbsRatio

Austin 1,094 670 1.6 1,693 1,817 0.9 1,603 1,305 1.2


Annualized

1 Year History 3 Year History 5 Year History



AbsorbedCon/Abs


Con/AbsRatio

Austin 6,410 5,219 1.2 7,432 6,610 1.1 7,060 6,117 1.2





Section 24 - Occupancy at Completion

0

20

40

60

80

100

Occ

upan

cy (

%)

2011 2012 2013 2014 2015 2016 2017

Occupancy at Completion Comparisons

Austin Overall Occupancy Austin Occupancy at Completion Southwest Occupancy at Completion US Occupancy at Completion

Occupancy at Completion ComparisonsProperties Built in: 2011 2012 2013 2014 2015 2016 2017

Austin 29.2% 74.4% 51.9% 72.7% 66.3% 59.0% 63.4%Southwest 17.8% 56.9% 70.0% 69.7% 61.7% 45.8% 51.6%United States 67.7% 61.7% 68.1% 67.0% 67.1% 47.6% 53.5%*Occupation at completion is calculated for all properties completed during each individual calendar year

Section 25 - Stabilization Data

0 1 2 3 4 5 6 7 80.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

2011 2012 2013 2014 2015 2016 2017 Long Term Metro Vacancy Average

New Construction Quarters to Stabilization

Quarters After Completion

Vac

ancy

(%

)

%

Stabilization Data

Construction Year: 2011 2012 2013 2014 2015 2016 2017 YTD

No.of Properties Tracked 2 9 18 30 31 27 24

Properties Stabilized 0-4 Quarters After Completion 2 4 11 21 21 16 3Properties Stabilized 5-8 Quarters After Completion 0 4 2 6 5 3 0Properties Stabilized 9-12 Quarters After Completion 0 1 2 3 1 0 0Properties Stabilized 13+ Quarters After Completion 0 0 0 0 0 0 0Properties That Have Not Yet Stabilized 0 0 3 0 4 8 21

Stabilization is reached when the average vacancy of the properties built in any given year equals or is less than the metro's average overall vacancy for the last five years. "0" in theQuarters After Completion chart above represents the vacancy at completion.




Section 26 - Metro Area Map: Austin

Completed Projects Under Construction Planned/Proposed




Section 27 - New Construction Listing

No. Property Name and Address Date AsOf Multi-Family Type County Total Size

(Units)CompetitiveSize (Units)

No.Bldgs Floors Est.

GroundbreakEst.

Completion Status

Submarket: Central

1

The Pearl1301 W Koenig Ln Austin, TX 78756

Developer Phone: (858) 527 - 6400Developer Company: Ledcor Properties

12-26-2017 Apartment Travis 383 383 1 4 Planned

2

1010 W 101010 W 10TH ST AUSTIN, TX 78703

Developer Phone: (512) 431-6930Developer Company: MID-CITYDEVELOPMENT

12-08-2017 Condominiums Travis 14 0 1 3 3/2016 2/2018UnderConstr.

3

The Independent301 WEST AVE AUSTIN, TX 78701

Developer Name: PERRY LORENZDeveloper Phone: (512) 478-8774Developer Company: CONSTRUCTIVEVENTURES


4MULDRONE AT NORTH LAMARN LAMAR BLVD @ SHOAL CREEK BLVDAUSTIN, TX 78703


5

LAMAR AT NORTH LOOP VMU5210 N LAMAR BLVD AUSTIN, TX 78751

Developer Name: MargoDeveloper Phone: (512) 327 - 8800Developer Company: GREY FORESTDEVELOPMENT

11-21-2016 Apartment Travis 209 209 Planned

6

5th and West Residences501 WEST AVE AUSTIN, TX 78701

Developer Name: NIKELLE MEADEDeveloper Phone: (512) 476-7806Developer Company: RIVERSIDERESOURCES


7

Block 71 Residential Future PhaseW 6TH ST @ COLORADO ST AUSTIN,TX 78701

Developer Phone: (512) 225 - 1000Developer Company: TRAMMELL CROW

09-28-2017 Apartment Travis 236 236 1 Proposed







GroundbreakEst.

Completion Status

8

Austin Proper Hotel and Residences202 NUECES ST AUSTIN, TX 78701

Developer Name: MATTHEW GREENDeveloper Phone: (512) 575-2037


9

East Ninth Street Multi-FamilyMicro-Units701 - 703 E 9th St Austin, TX 78701

Developer Phone: (212) 595 - 5565Developer Company: SACKMANENTERPRISES


10 The Avenue721 Congress Ave Austin, TX 78701


11

600 Guadalupe600 Guadalupe St Austin, TX 78701

Developer Name: MichaelDeveloper Phone: (210) 733 - 6125Developer Company: Lynd Company

08-21-2017 Apartment Travis 345 345 1 62 5/2018 5/2022 Planned

12 Travis Flats5325 - 5335 Airport Blvd Austin, TX 78751

08-15-2017Subsidized/LowIncome

Travis 146 n/a 1 4 1/2018 Planned

13

Hotel Zaza Gables Republic Square400 Lavaca St Austin, TX 78701

Developer Name: RICHARD SUTTLEDeveloper Phone: (512) 435-2310Developer Company: ARMBRUST &BROWN, PLLC

08-14-2017 Apartment Travis 381 221 1 24 8/2016 1/2019UnderConstr.

14

SEAHOLM POWER PLANTREDEVELOPMENT222 WEST AVE AUSTIN, TX 78701

Developer Name: BILL MCCAINDeveloper Phone: (512) 638-6041

08-10-2016 Condominiums Travis 280 0 1 30 8/2013 8/2016 Complete

15

48 East Avenue Tower48 EAST AVE AUSTIN, TX 78701

Property Manager Phone: (512) 906 - 0383Property Manager Company: LeeProperties








GroundbreakEst.

Completion Status

16

80 Red River Street Tower Ph 180 Red River St Austin, TX 78701

Developer Name: Gordon IpDeveloper Phone: (972) 404 - 8288Developer Company: GENESIS REALESTATE GROUP

07-13-2017 Apartment Travis 400 400 1 40 Proposed

17

Northshore110 SAN ANTONIO ST AUSTIN, TX 78701

Leasing Agent Name: Keith EddinsLeasing Agent Phone: (512) 559 - 7559Leasing Agent Company: HanoverCompany

06-20-2016 Apartment Travis 439 390 1 38 3/2016 Complete

18

99 TRINITY TOWER99 TRINITY ST AUSTIN, TX 78701

Developer Name: MirandaDeveloper Phone: (512) 583 - 2600Developer Company: DOUCET ANDASSOCIATES


19

The Richardson at Tarrytown3215 EXPOSITION BLVD AUSTIN, TX78703

Developer Phone: (512) 476 - 0111Developer Company: Burlington Ventures,Inc.

06-08-2017 Apartment Travis 27 27 2 3 3/2016 6/2017 Complete

20

WEST KOENIG FLATS5608 Avenue F Austin, TX 78751

Developer Name: Steve GarrisonDeveloper Phone: (214) 723-6060Developer Company: ZRS Management


21

AVANA AT MIDCITY DEVELOPMENT4525 GUADALUPE ST AUSTIN, TX 78751

Leasing Agent Name: LouieLeasing Agent Phone: (512) 443-0000Leasing Agent Company: THE LEAFGROUP


22

Celias Court at 908 Nueces908 NUECES ST AUSTIN, TX 78745

Developer Name: SEAN ONEILDeveloper Phone: (512) 362-8424Developer Company: WESTERN STATESHOUSING


23

Shoal Creek WalkBOWIE ST @ 5TH ST\6TH ST AUSTIN,TX 78703

Developer Name: CindyDeveloper Phone: (512) 472 - 7774Developer Company: SCHLOSSERDEVELOPMENT

06-02-2017 Condominiums Travis 90 0 1 Planned







GroundbreakEst.

Completion Status

24

The Millennium Rainey Street91 RAINEY ST AUSTIN, TX 78701

Leasing Agent Name: Amber OliveLeasing Agent Phone: (512) 861-0298Leasing Agent Company: The DinersteinCompanies


25 30TH STREET TOWNHOMES501 W 30TH ST AUSTIN, TX 78705

05-25-2016 Townhomes Travis 12 0 1/2016 Complete

26

WALLER PARK PLACE CONDOSCESAR CHAVEZ ST @ RED RIVER STAUSTIN, TX 78701

Developer Name: Mack PikeDeveloper Phone: (512) 478 - 8300Developer Company: SUTTONCOMPANIES

05-17-2017 Condominiums Travis 400 n/a 1 47 Planned

27

300 PRESSLER PARK APARTMENTS300 PRESSLER ST AUSTIN, TX 78703

Developer Name: SHELLYDeveloper Phone: (512) 433-5200Developer Company: Forestar Group


28

NORTH SHORE LOFTS16 N I-35 AUSTIN, TX 78701

Developer Name: KARENDeveloper Phone: (512) 247-7000Developer Company: JCI RESIDENTIAL

04-11-2017 Apartment Travis 45 45 Proposed

29

4811 BURNET ROAD4811 BURNET RD AUSTIN, TX 78756

Developer Phone: (512) 431-6930Developer Company: MID-CITYDEVELOPMENT

04-07-2017 Condominiums Travis 52 0 Planned

30 West 5th Apartments1301 W 5TH ST AUSTIN, TX 78703

03-20-2017 Apartment Travis 226 203 1 6 3/2017UnderConstr.

31

70 Rainey70 RAINEY ST AUSTIN, TX 78701

Developer Name: Carter SackmanDeveloper Phone: (212) 595 - 5565Developer Company: SACKMANENTERPRISES

01-24-2017 Condominiums Travis 164 n/a 1 34 8/2016UnderConstr.







GroundbreakEst.

Completion Status

Submarket: East

32

AMLI on Aldrich Mueller Apartments2401 ALDRICH ST AUSTIN, TX 78722

Developer Name: MARCY PHILLIPSDeveloper Phone: (512) 748-7117


33 1210 - 1212 East Seventh Street1210-1212 E 7TH ST AUSTIN, TX 78702


34 The Chicon1212 CHICON ST AUSTIN, TX 78702

12-08-2017 Condominiums Travis 43 0 2 3 2/2016UnderConstr.

35

1322 E 12th Street1322 E 12TH ST AUSTIN, TX 78702

Owner Phone: (512) 438 - 9221Owner Company: Butler PropertyCompany


36

Fourth&1800 E 4TH ST AUSTIN, TX 78702

Developer Phone: (512) 346 - 4125Developer Company: Caspa Ventures

12-06-2017 Condominiums Travis 97 n/a 1 3 6/2016 12/2017 Complete

37

Jeremiah Program Moody Campus1200 Paul Theresa Saldana st AUSTIN, TX78702

Developer Name: MARK ROGERSDeveloper Phone: (512) 441-9493Developer Company: GUADALUPEDIVISION CORP


Travis 35 n/a 6 2 3/2017 Complete

38

The Reserve at Springdale5605 SPRINGDALE RD AUSTIN, TX78723

Developer Name: DAVID KNOLLDeveloper Phone: (512) 493-5908


Travis 292 n/a 3 4 4/2016 10/2017 Complete

39SPRINGDALE CREEK CONDOMINIUMS4926 SPRINGDALE RD AUSTIN, TX78723

11-02-2016 Condominiums Travis 42 0 10/2016UnderConstr.







GroundbreakEst.

Completion Status

40

1615 E 7TH STREET1615 E 7TH ST AUSTIN, TX 78704

General Contractor Name: SHIRLEYGeneral Contractor Phone: (512) 835-4890General Contractor Company: LD&CCONSTRUCTION


41

Austin Modern LoftsBERKMAN DR @ TOM MILLER STAUSTIN, TX 78723

Developer Name: Tom MercerDeveloper Phone: (512) 417 - 2734Developer Company: JTMDEVELOPMENT

10-03-2017 Townhomes Travis 91 n/a 3 2/2018 Planned

42

THE SPIRE MICRO APARTMENTSE 5TH ST @ WALLER ST\ATTAYAC STAUSTIN, TX 78702

Owner Name: TAYLOR WILSONOwner Phone: (512) 901-9600Owner Company: SPIRE EAST FIFTH, LP


43

Mueller ApartmentsPhilomena Street at Tilley Street Austin, TX78723

Developer Phone: (512) 447 - 2026Developer Company: FoundationCommunities, Texas


Travis 172 n/a 1 Planned

44

Platform2823 E Martin Luther King Jr Blvd Austin,TX 78702

Developer Name: NIC WHITTAKERDeveloper Phone: (512) 270-3139


45

Foundry310 Comal St Austin, TX 78702

Developer Phone: (512) 600 - 7923Developer Company: Cielo Property Group


46

2827 Manor Road Apartments2827 Manor Rd Austin, TX 78722

Owner Name: Sean O'NealOwner Phone: (619) 890 - 0229Owner Company: SCOTIA GROUP

07-20-2017 Apartment Travis 37 37 1 3 1/2019 Planned

47

Plaza Saltillo ApartmentsE 4TH ST @ NAVASOTA ST AUSTIN, TX78702

Developer Name: Jason ThumlertDeveloper Phone: (512) 682 - 5500Developer Company: Endeavor RealEstate Group

06-29-2017 Apartment Travis 700 700 1UnderConstr.







GroundbreakEst.

Completion Status

48

Housing First Oaks Springs Apartments3000 Oak Springs Drive Austin, TX 78702

Owner Name: Hugh SimmonsOwner Phone: (512) 440 - 4062Owner Company: Austin Travis CountyIntegral Care



49

ThinkEast Apartments1143 SHADY LN AUSTIN, TX 78721

Developer Name: Henry FloresDeveloper Phone: (512) 914 - 0953Developer Company: MadhouseDevelopment Services


Travis 182 n/a 1 3 6/2017 12/2018UnderConstr.

50

7 East2025 E 7th St Austin, TX 78702

Developer Name: Matthew MacintoshDeveloper Phone: (512) 236-0004Developer Company: Greystar


51

ARTS & INDUSTRIES LOFTS @THINKEAST PH ISHADY LN @ AIRPORT BLVD AUSTIN,TX 78701

Developer Name: ROBERT SUMMERSDeveloper Phone: (512) 472-5997Developer Company: HOHMANN,TAUBE& SUMMERS LLP

03-28-2016 Other Travis 100 0 Proposed

52

Austin CreekviewOld Manor Road & Crainway Dr. Austin, TX78723

Owner Name: Melissa AdamiOwner Phone: (972) 701 - 5558Owner Company: Rise ResidentialConstruction

03-22-2017 Apartment Travis 264 264 2 Planned

53

Tyndall Condos800 EMBASSY DR AUSTIN, TX 78702

Developer Name: CHRIS RANGAZZODeveloper Phone: (512) 328-0011Developer Company: BURY & PARTNERS


54

EAST 5TH CONDOS505 TILLERY ST AUSTIN, TX 78702

Developer Phone: (512) 726 - 0500Developer Company: Legacy MCS


55 The Arnold1621 E 6TH ST AUSTIN, TX 78702

02-10-2017 Mixed Income Travis 416 346 3 5 2/2015 1/2017 Complete







GroundbreakEst.

Completion Status

56

Alexan East 6th2400 E 6TH ST AUSTIN, TX 78702

Developer Name: C BRODHEADDeveloper Phone: (512) 660-5055


57

RBJ Redevelopment Block C21 WALLER ST AUSTIN, TX 78702

Developer Phone: (512) 827 - 2745Developer Company: MomarkDevelopment


58 Eastside Station Apartments1700 E 4th St Austin, TX 78702


59

Indie Apartments1630 E 6TH ST AUSTIN, TX 78702

Developer Phone: (713) 272-1264Developer Company: TRANSWESTERNDEVELOPMENT


Submarket: Far North Central

60

Kramer Heights Condos1417 KRAMER LN AUSTIN, TX 78758

Leasing Agent Phone: (512) 762 - 8164Leasing Agent Company: PremierCompass Realty

11-08-2017 Condominiums Travis 26 n/a 1 3 5/2019UnderConstr.

61

The Bridge at Cameron FamilyApartments9201 CAMERON RD AUSTIN, TX 78754

General Contractor Name: DougGeneral Contractor Phone: (812) 246 -2100General Contractor Company: WeberGroup Inc


62 The Copeland2511 W BRAKER LN AUSTIN, TX 78758

01-23-2018 Apartment Travis 328 328 5/2017UnderConstr.

Submarket: Far Northwest

63

IMT Residences at Riata5705 Diehl Trl Austin, TX 78727

Developer Name: BEN BROWDERDeveloper Phone: (512) 813-7119Developer Company: Oden Hughes








GroundbreakEst.

Completion Status

64

Austin Flatiron Domain10727 Domain Dr Austin, TX 78758

Developer Name: JULIEDeveloper Phone: (512) 236-0004Developer Company: Stonelake CapitalPartners


65

Great Hills Market Redevelopment Ph 19868 GREAT HILLS TRL AUSTIN, TX78759

Developer Phone: (512) 807 - 2900Developer Company: Drenner Group


66

Standard at Domain11711 DOMAIN DR AUSTIN, TX 78758

Leasing Agent Name: Ty CookLeasing Agent Phone: (512) 584 - 8065Leasing Agent Company: Lincoln PropertyCompany


67

Elysium Grand3300 OAK CREEK DR AUSTIN, TX 78727

Developer Name: Megan LaschDeveloper Phone: (830) 330 - 0762Developer Company: SaigebrookDevelopment LLC


Travis 80 n/a 3 5 Planned

68

CREEKSIDE ON PARMER LANE5401 PARMER LN E AUSTIN, TX 78727

Developer Name: JOHN MCCULLOGHDeveloper Phone: (512) 419-7600Developer Company: GALESPI GROUP


69

Republic place5708 W PARMER LN AUSTIN, TX 78727

Developer Name: JOANDeveloper Phone: (407) 644-9055


70 Elsyium Park3300 OAK CREEK DR AUSTIN, TX 78727


Travis 84 n/a 3 5 Planned

71

Broadstone Burnet10301 BURNET RD AUSTIN, TX 78758

Developer Name: Brandon EasterlingDeveloper Phone: (512) 371 - 5820Developer Company: Alliance Residential








GroundbreakEst.

Completion Status

Submarket: Far South

72

900-Phase I900 S 1ST ST AUSTIN, TX 78704

Developer Name: Ross WilsonDeveloper Phone: (512) 326 - 3905Developer Company: Austin PSW RealEstate


73

900-Phase II900 S 1ST ST AUSTIN, TX 78704

Developer Name: Ross WilsonDeveloper Phone: (512) 326 - 3905Developer Company: Austin PSW RealEstate


74

SONGHAI AT WESTGATE8700 WEST GATE BLVD AUSTIN, TX78745

Developer Name: GENIEDeveloper Phone: (512) 452-5505Developer Company: SONGHAIDEVELOPMENT


75

GARDEN TERRACE PH III1015 W WILLIAM CANNON DR AUSTIN,TX 78745

Leasing Agent Name: ElizabethLeasing Agent Phone: (512) 416 - 8300Leasing Agent Company: Garden Terrace


Travis 20 n/a 1 2 1/2017 3/2018UnderConstr.

76

LAMADRID APARTMENTS11320 MANCHACA RD AUSTIN, TX78748

Developer Name: BobDeveloper Phone: (305) 582 - 8891Developer Company: D SQUAREDDEVELOPMENT


Travis 95 n/a 7 3 5/2018UnderConstr.

77

Urban Oaks6725 CIRCLE S RD AUSTIN, TX 78745

Developer Name: DAVID KNOLLDeveloper Phone: (512) 493-5908



78

Sur5125010 S CONGRESS AVE AUSTIN, TX78745

Developer Name: BRADDeveloper Phone: (972) 556-3700Developer Company: TDI RESIENTIAL


79

Pearl Lantana6401 RIALTO BLVD AUSTIN, TX 78735

Leasing Agent Name: GissetLeasing Agent Phone: (713) 358 - 7700Leasing Agent Company: THE MORGANGROUP








GroundbreakEst.

Completion Status

80

Lenox Springs Ph 110500 South Interstate 35 Frontage RoadAustin, TX 78748

Developer Phone: (512) 813-7111Developer Company: Oden Hughes


81

Lenox Springs Ph 210500 S Interstate 35 Frontage Rd Austin,TX 78748

Developer Phone: (512) 813-7111Developer Company: Oden Hughes


82

SKYBRIDGE LOFTS604 N BLUFF DR AUSTIN, TX 78745

Developer Name: MELISSADeveloper Phone: (512) 534-8847Developer Company: IMPACTDEVELOPERS


83

THE SANTAL7624 TECOMA CRL AUSTIN, TX 78735

Owner Name: BEAU ARMSTRONGOwner Phone: (512) 478-5788


84

CIRCLE C APARTMENTSS MOPAC XPWY @ SLAUGHTER LN WAUSTIN, TX 78739

Developer Name: BROOKEDeveloper Phone: (512) 478-5788


85

Estancia Villas Apartments1200 Estancia Parkway Austin, TX 78739

Developer Phone: (512) 247 - 7000Developer Company: Journeyman Group


86

Hanover Lantana Hills6601 RIALTO BLVD AUSTIN, TX 78735

Developer Name: RABIE ELSAYEGHDeveloper Phone: (713) 267-2100Developer Company: THE HANOVER CO


87

Palo Verde Ph 27880 W Highway 290 Austin, TX 78736

Developer Name: StephanieDeveloper Phone: (972) 866 - 7577Developer Company: PHOENIX CAPITALPARTNERS

09-22-2017 Apartment Travis 300 300 7/2019 Planned







GroundbreakEst.

Completion Status

88

Palo Verde Ph 17880 W Highway 290 Austin, TX 78736

Developer Name: StephanieDeveloper Phone: (972) 866 - 7577Developer Company: PHOENIX CAPITALPARTNERS


89

LEGACY AT SOUTHPARK8800 S 1ST ST AUSTIN, TX 78748

Leasing Agent Name: JamesLeasing Agent Phone: (512) 282-1600Leasing Agent Company: Greystar


90

LUCERO PH II2324 WILSON ST AUSTIN, TX 78704

Developer Name: RECEPTIONISTDeveloper Phone: (214) 363-2628Developer Company: EUREKAHOLDINGS INC


91

OCOTILLO WEST PARK APARTMENTSPH II8000 US-290 W AUSTIN, TX 78736

Developer Name: Greg SmyrlDeveloper Phone: (512) 472 - 6110Developer Company: ARDENTRESIDENTIAL


92

AMLI COVERED BRIDGE PH I8715 W HIGHWAY 71 AUSTIN, TX 78735

Leasing Agent Name: tonyLeasing Agent Phone: (512) 490 - 3003Leasing Agent Company: Amil Residential


93

Amli Covered Bridge Ph 28715 W HIGHWAY 71 AUSTIN, TX 78735

Leasing Agent Name: BrendanLeasing Agent Phone: (512) 490-3003Leasing Agent Company: Amli Residential


94APARTMENTS ABOVE BARTON CREEK7412 W WILLIAM CANNON DR AUSTIN,TX 78735


95

Bee Caves Vistas7318 OLD BEE CAVES RD AUSTIN, TX78735

Property Manager Name: Dayrin MartinezProperty Manager Phone: (512) 649 - 7234Property Manager Company: The LeafGroup








GroundbreakEst.

Completion Status

96

LIVE OAK AT SOUTHPARK MEADOWS10301 OLD SAN ANTONIO RD AUSTIN,TX 78748

Developer Phone: (512) 327-5433Developer Company: INGRAM &ASSOCIATES


97

SOUTH CONGRESS RESIDENTIAL3110 S CONGRESS AVE AUSTIN, TX78704

Developer Phone: (512) 835-4890Developer Company: LEE PROPERTIES

06-03-2016 Condominiums Travis 20 0 6/2016 Complete

98

OCOTILLO WEST PARK APARTMENTSPH III8000 Highway 290 W Austin, TX 78736

Developer Name: Greg SmyrlDeveloper Phone: (512) 472 - 6110Developer Company: ARDENTRESIDENTIAL


99

Ocotillo West Park Apartments Ph I8000 HWY 290 W AUSTIN, TX 78736

Developer Phone: (512) 472-6110Developer Company: ARDENTRESIDENTIAL


100

CLAWSON ROAD DEVELOPMENT3700 CLAWSON RD AUSTIN, TX 78704

Owner Name: Kent TaylorOwner Phone: (512) 708 - 0800Owner Company: TAYLOR COMMERCIAL

05-30-2017 Condominiums Travis 40 0 6 3 Planned

101

Bluebonnet Lane Multi-ResidentialBuilding2505 BLUEBONNET LN AUSTIN, TX78704


102

1155 BARTON SPRINGS1155 BARTON SPRINGS RD AUSTIN, TX78704

Developer Name: STEFFEN E WALTZDeveloper Phone: (512) 457-8600Developer Company: Dominion Advisors


103

Alexan Garza Ranch Apartments3801 BEN GARZA LN AUSTIN, TX 78749

Developer Name: Sam BoykinDeveloper Phone: (214) 922 - 8459Developer Company: TRAMMEL CROWCOMPANY








GroundbreakEst.

Completion Status

104

THE SANTAL @ BARTON CREEK PH II7624 TECOMA CRL AUSTIN, TX 78735

Owner Name: BEAU ARMSTRONGOwner Phone: (512) 478-5788


105

Thornton Flats2501 THORNTON RD AUSTIN, TX 78704

Developer Name: KELLYDeveloper Phone: (512) 326-3905Developer Company: PSW REAL ESTATE


106 6000 South Congress6000 S Congress Ave Austin, TX 78745

02-03-2017 Other Travis 12 n/a 1 Planned

107

IMT SOUTHPARK9308 S 1ST ST AUSTIN, TX 78748

Leasing Agent Name: NoahLeasing Agent Phone: (512) 292 - 8810Leasing Agent Company: IMT Residential


108

Greyshire Village Development3700 PAYLOAD PASS AUSTIN, TX 78704



109

Commons at Goodnight Ranch2022 W SLAUGHTER LN AUSTIN, TX78748

General Contractor Name: Michael FordGeneral Contractor Phone: (812) 246 -2100General Contractor Company: WeberGroup Inc.


110

PUBLIC Lofts4361 S CONGRESS AVE AUSTIN, TX78745

Developer Name: MATT STEVENSDeveloper Company: MAKER BROS

01-16-2018 Apartment Travis 650 650 1 5UnderConstr.

111

4411 South Congress Avenue4411 S CONGRESS AVE AUSTIN, TX78745

Developer Phone: (512) 494 - 8510Developer Company: CYPRESS REALESTATE ADVISORS








GroundbreakEst.

Completion Status

1124401 South Congress Avenue4401 S CONGRESS AVE AUSTIN, TX78745


113

Water Marq300 E RIVERSIDE DR AUSTIN, TX 78704

Leasing Agent Name: PatrickLeasing Agent Phone: (844) 474 - 5052Leasing Agent Company: Water Marq


114Homestead Oaks Apartments3226 W SLAUGHTER LN AUSTIN, TX78748



115

Lenox Creekside1900 Onion Creek Pkwy Austin, TX 78748

Leasing Agent Name: ChrisLeasing Agent Phone: (512) 291 - 9100Leasing Agent Company: ODEN HUGHES


116

Enclave at Escondera8200 SOUTHWEST PKWY AUSTIN, TX78735

Developer Phone: (214) 346 - 0075Developer Company: Will Max Capital


117

TRILLIUM TERRACE6500 MANCHACA RD AUSTIN, TX 78745

Developer Name: AMANDADeveloper Phone: (512) 237-7622Developer Company: IMPACTDEVELOPERS, LLC


Submarket: Hwy 183/Cedar Park

118

Regal Parc Ph 2350 Cypress Creek Rd Cedar Park, TX78613

General Contractor Phone: (512) 966 -8608General Contractor Company: JimmyJacobs

12-20-2017 Apartment Williamson 123 123 6 3 3/2018UnderConstr.

119

REGAL PARC APARTMENT HOMES PHII348 CYPRESS CREEK RD CEDAR PARK,TX 78613

Leasing Agent Name: MarieLeasing Agent Phone: (512) 249 - 0490Leasing Agent Company: REGAL PARCAPARTMENTS

12-06-2017 Apartment Williamson 123 123 6 3UnderConstr.







GroundbreakEst.

Completion Status

120

The Springs at Lakeline9239 AMBERGLEN BLVD AUSTIN, TX78729

Leasing Agent Name: AshleyLeasing Agent Phone: (512) 501 - 1108Leasing Agent Company: Springs atLakeline

12-06-2017 Apartment Williamson 328 328 15 2 8/2016 3/2018UnderConstr.

121

Rhythm Multi-family Community9701 SPECTRUM DR AUSTIN, TX 78717

Developer Phone: (512) 835 - 4455Developer Company: HPI Real Estate

11-20-2017 Apartment Williamson 262 262 4 Planned

122

Park at Crystal Falls Ph 27740 HWY 183A TOLL RD LEANDER, TX78641

Developer Name: SEC=REF NAMEDeveloper Phone: (972) 671-9120Developer Company: GENCAPPARTNERS

11-08-2017 Apartment Williamson 242 242 10 4 8/2015 4/2018UnderConstr.

123

LEANDER CROSSING PH IIHWY 183 @ CRYSTAL FALLS PKWYLEANDER, TX 78641

Developer Name: RyanDeveloper Phone: (469) 682-2212Developer Company: BETZ CO

10-20-2016 Apartment Williamson 250 250 13 3 Planned

124

TUCKAWAY APARTMENTS1700 BAGDAD RD CEDAR PARK, TX78613

Developer Name: CRAIG LINTNERDeveloper Phone: (317) 208-3769Developer Company: PEDCORINVESTMENTS


Williamson 256 n/a 12 3 4/2016 10/2017 Complete

125

Urban North8101 SAN FELIPE BLVD AUSTIN, TX78729

Developer Name: SUEDeveloper Phone: (512) 335-7786

10-09-2017 Apartment Williamson 178 178 2 3 8/2015 10/2017 Complete

126

Parmer & Ranch Trails (Presidio)3440 Ranch Trails Court Cedar Park, TX78613

General Contractor Name: DonnaGeneral Contractor Phone: (512) 328 -2026General Contractor Company: AmericanConstructors


127

LITTLE ELM APARTMENTSLITTLE ELM TRL @ HWY 183 CEDARPARK, TX 78613

Developer Name: Todd ThomasDeveloper Phone: (972) 960-5960Developer Company: GENCAPPARTNERS

09-30-2016 Apartment Williamson 400 400 Planned







GroundbreakEst.

Completion Status

128

Altis Lakeline12700 RIDGELINE BLVD CEDAR PARK,TX 78613

Developer Name: JEFF ROBERTSDeveloper Phone: (561) 237-1316


129

The Standard at Leander Station1680 HERO WAY LEANDER, TX 78641

Developer Name: RyanDeveloper Phone: (469) 682-2212Developer Company: BETZ CO


130 Municipal Drive Townhomes600 Municipal Dr Leander, TX 78641


131

1201 West Whitestone ApartmentsStonehaven1201 W Whitestone Blvd Cedar Park, TX78613

Owner Name: Sean O'NeillOwner Phone: (512) 362 - 8424Owner Company: SWS Manor & Alexander


132

Park at Crystal Falls Ph 17740 TX-183A Leander, TX 78641

Leasing Agent Name: CourtneyLeasing Agent Phone: (844) 639 - 0650Leasing Agent Company: Park at CrystalFals

08-14-2017 Apartment Williamson 242 241 10 3 1/2017 Complete

133910 Quest Parkway Apartments910 QUEST PKWY CEDAR PARK, TX78613

06-09-2017 Apartment Williamson 263 263 1 4 Proposed

134

The Michael at Presidio Ph 113535 LYNDHURST ST AUSTIN, TX78717

Developer Name: DOUG CHESTNUTDeveloper Phone: (214) 922-1182Developer Company: StreetlightsResidential


135

Horseshoe Apartments409 HORSESHOE DR LEANDER, TX78641

Owner Name: Rick ShipmanOwner Phone: (512) 258 - 4161Owner Company: Rick Shipman








GroundbreakEst.

Completion Status

136

BROADSTONE 8 ONE HUNDRED8100 Anderson Mill Rd Austin, TX 78729

Leasing Agent Name: SARAHLeasing Agent Phone: (855) 422 - 7942Leasing Agent Company: AllianceResidential Company


137

Carneros Village Apartments149 S BAGDAD RD LEANDER, TX 78641

Developer Name: Ken LiemDeveloper Phone: (714) 928 - 8812Developer Company: K.L. Enterprises, Inc


138

CYPRESS CREEK AT LAKELINESTATIONLAKELINE BLVD/LYNDHURST STAUSTIN, TX 78717


Williamson 199 n/a Proposed

139

Bexley Lakeline2801 S LAKELINE BLVD CEDAR PARK,TX 78613

Leasing Agent Name: BrandyLeasing Agent Phone: (512) 975 - 7186Leasing Agent Company: WeinsteinProperties


140

Lakeline Shore Apartments13635 Rutledge Spur Austin, TX 78717

Leasing Agent Name: YvonneLeasing Agent Phone: (512) 615 - 4750Leasing Agent Company: FoundationCommunities



141

The View at Cedar Park Town Center1430 MAIN ST CEDAR PARK, TX 78613

Developer Name: MATT KENYONDeveloper Phone: (512) 745-0885Developer Company: Capella Commercial


142Austin Presidio TownhomesHighway 45 E & Lake Creek Pkwy Austin,TX 78717


Submarket: Near North Central

143 Elan Parkside609 Clayton Lane Austin, TX 78752








GroundbreakEst.

Completion Status

144

Burnet 64 Condos6444 BURNET RD AUSTIN, TX 78757

Developer Name: Dk nameDeveloper Phone: (512) 835 - 4890Developer Company: LD and C LandDevelopment


145

Saint John's Apartments601 W Saint Johns Ave Austin, TX 78752

Developer Phone: (512) 247 - 7000Developer Company: JCI ResidentialProperties

08-15-2017 Apartment Travis 297 297 3/2020 Planned

146

Crestview Commons7300 N Lamar Blvd AUSTIN, TX 78752

Developer Name: CYNTHIADeveloper Phone: (512) 577-2117Developer Company: TRAMMEL CROW


147ACC Highland Residential Phase II6140 Highland Campus Drive AUSTIN, TX78752


148

2711 West Anderson Mixed Use2711 W ANDERSON LN AUSTIN, TX78757

Developer Phone: (858) 456 - 9201Developer Company: Paydar Properties,Inc.


149 MARQ ON BURNET6701 BURNET RD AUSTIN, TX 78757


150

SIXTY FIVE MIXED USE6500 BURNET RD AUSTIN, TX 78757

Developer Name: AMIR KALANTARIDeveloper Phone: (512) 458-3151


Submarket: Near Northwest

151

Austin Oaks RedevelopmentApartmentsSPICEWOOD SPRINGS RD @ N MOPACEXPY AUSTIN, TX 78759








GroundbreakEst.

Completion Status

Submarket: Near South Central

152

Bluebonnet Studio Apartments2301 S LAMAR BLVD AUSTIN, TX 78704

Developer Name: JENNIFER HICKSDeveloper Phone: (512) 610-4025Developer Company: FoundationCommunities, Texas



153

Groves South Lamar3607 S LAMAR BLVD AUSTIN, TX 78704

Developer Name: REF NAMEDeveloper Phone: (512) 813-7121Developer Company: Oden Hughes


154

WALSH TARLTON APARTMENTS2500 Walsh Tarlton Ln Austin, TX 78746

Developer Name: Rae DunnDeveloper Phone: (512) 474 - 8700Developer Company: CENTRODEVELOPMENT


155GREENVIEW AUSTIN3600 S LAMAR BLVD AUSTIN, TX 78704

Developer Phone: (512) 553-5287


156

4301 Bee Caves Road Townhomes4301 BEE CAVES RD AUSTIN, TX 78746

Developer Phone: (512) 369 - 3030Developer Company: Aspen HeightsPartners

06-19-2017 Townhomes Travis 42 n/a Planned

157

Post South Lamar Ph 21500 S Lamar Blvd Austin, TX 78704

Developer Phone: (901) 682 - 6600Developer Company: MAA


158

Pathways at Goodrich2126 GOODRICH AVE AUSTIN, TX 78704

Developer Name: Dan WilsonDeveloper Phone: (305) 357 - 4733Developer Company: Atlantic PacificCommunities



Submarket: North Travis

159

IO at Tech Ridge12600 MCCALLEN PASS DR AUSTIN, TX78753

Developer Name: Refused nameDeveloper Phone: (512) 833 - 0751Developer Company: TECH RIDGEMANAGEMENT








GroundbreakEst.

Completion Status

160

WALNUT PARK APARTMENTS12101 N LAMAR BLVD N AUSTIN, TX78753

Developer Name: CASANDRADeveloper Phone: (512) 327-3333Developer Company: LARRY PEEL CO


161

Art at Brattons Edge15405 LONG VISTA DR AUSTIN, TX78728

Developer Name: MEGAN LUNNDeveloper Phone: (830) 330-0762Developer Company: WOLFPACK GROUP



162

WELLS BRANCH CENTER15200 N I-35 AUSTIN, TX 78728

Developer Phone: (512) 266-4749Developer Company: SCHULTZR.E.INVESTMENTS


163

Ambrosio14301 I-35 PFLUGERVILLE, TX 78660

Developer Name: Pat PattersonDeveloper Phone: (858) 527 - 6400Developer Company: LEDCORCONSTRUCTION INC


164

The Pecan District Ph 1W PECAN ST & S HEATHERWILDE BLVDPFLUGERVILLE, TX 78660

Developer Phone: (512) 494 - 4224Developer Company: Presidium Group


165 SPRINGS OF WALNUT CREEK PH IV901 E YAGER LN AUSTIN, TX 78753

08-18-2016 Townhomes Travis 45 0 Planned

166

The Highlands150 Wells Branch Parkway Pflugerville, TX78660

Developer Name: JUSTIN LEEDeveloper Phone: (512) 247-7000Developer Company: JOURNEYMANCONSTRUCTION


167

NEWINGTON APARTMENT HOMES1127 PEARL RETREAT LN AUSTIN, TX78754









GroundbreakEst.

Completion Status

168

HOLLYBROOK RANCH APARTMENTHOMESGREENLAWN BLVD @ PFLUGERVILLEPKWY ROUND ROCK, TX 78728

Developer Name: RECDeveloper Phone: (336) 691-1755


169

EDENBROOK RIDGE APARTMENTHOMES301 E WELLS BRANCH PKWY EPFLUGERVILLE, TX 78660

Developer Name: RECEPTIONISTDeveloper Phone: (336) 691-1755


170DAVIES RANCH APARTMENT HOMES12113 DESSAU RD AUSTIN, TX 78754


05-22-2017 Apartment Travis 360 360 5/2018UnderConstr.

171

VILLAGE AT WUTHRICH HILLDESSAU RD @ WELLS BRANCH PKWYPFLUGERVILLE, TX 78660

General Contractor Name: DREWGeneral Contractor Phone: (972) 918-5188General Contractor Company: COBALTCONSTRUCTION


172

Ballyntine Section 1 Mixed UseApartments800 Wells Branch Pkwy W Austin, TX78660


173

The Mansions at Stone Hill1316 TOWN CENTER DRPFLUGERVILLE, TX 78660

Leasing Agent Name: NatalieLeasing Agent Phone: (512) 600 - 0768Leasing Agent Company: MANSIONSSTONE HILL


174

Parmer Village Apartments800 E PARMER LN AUSTIN, TX 78753

Developer Name: Barret EspeDeveloper Phone: (512) 474 - 5557Developer Company: Retail Solutions


175

NXNE14233 THE LAKES BLVDPFLUGERVILLE, TX 78660

Developer Name: IAN ASSISTINEDeveloper Phone: (602) 681-7500Developer Company: LEDCORPROPERTIES








GroundbreakEst.

Completion Status

176

Lenox Ridge3001 Scofield Ridge Pkwy Austin, TX78727

Developer Phone: (512) 813 - 7111Developer Company: Oden Hughes


177

Harris Ridge1501 E HOWARD LN AUSTIN, TX 78753

Developer Name: Dustin SiskDeveloper Phone: (210) 507 - 1938Developer Company: NRP ConstructionLLC



178

The Emerson Apartments1221 NEW MEISTER LN PFLUGERVILLE,TX 78660

Developer Name: ReganDeveloper Phone: (512) 817 - 1145Developer Company: Greystar


Submarket: Ranch Rd 620N/FM2222

179

TACARA STEINER RANCH4306 N QUINLAN PARK RD AUSTIN, TX78732

Developer Name: AdriannaDeveloper Phone: (210) 829 - 1717Developer Company: Casey Development


180

CARDINAL POINT11015 FOUR POINTS DR AUSTIN, TX78726

Developer Name: StephanieDeveloper Phone: (512) 447 - 2026Developer Company: FoundationCommunities



181 TUMBLEWEED HILL9512 FM 2222 RD AUSTIN, TX 78726


182Ethan's View at the Backyard13200 BEE CAVE PKWY BEE CAVE, TX78738


Submarket: Round Rk/Georgetwn

183

Hillstone at Wolf Ranch2300 WOLF RANCH PKWYGEORGETOWN, TX 78628

Developer Name: BLAKEDeveloper Phone: (214) 865-8082Developer Company: LEON CAPITALGROUP

12-29-2017 Apartment Williamson 332 332 3 6/2018UnderConstr.







GroundbreakEst.

Completion Status

184

Kaia Pointe Apartments104 Gatlin Creek Dr Georgetown, TX78628

Developer Name: MEGANDeveloper Phone: (512) 852-4301Developer Company: SAIGEBROOKDEVELOPMENT


Williamson 102 n/a Planned

185

WHEELER TRACTFM 1460 @ WESTINGHOUSE RDGEORGETOWN, TX 78626

Developer Name: RALPH REIDDeveloper Phone: (512) 637-6835Developer Company: MADISONPARTNERS


186

Frontera RidgeHESTER'S CROSSING @ SUNDANCEPKWY ROUND ROCK, TX 78664

Developer Name: JEFF PACEDeveloper Phone: (512) 585-5657Developer Company: SIMMONS VEDDERAND PARTNERS

12-19-2016 Apartment Williamson 357 357 Proposed

187

College View Apartments605 E UNIVERSITY AVE GEORGETOWN,TX 78626

Developer Name: LEE MCINTOSHDeveloper Phone: (512) 763-8411Developer Company: MCINTOSHHOLDINGS, LLC


188

Shadow Ridge ApartmentsE Old Settlers Blvd & N Aw Grimes BlvdRound Rock, TX 78665

Developer Phone: (317) 587 - 0320Developer Company: Pedcor Management


Williamson 256 n/a 1 Planned

189

The Brownstone at the Summit204 Adams Street Georgetown, TX 78628

Developer Name: JudyDeveloper Phone: (512) 931 - 7774Developer Company: Brownstone

12-06-2017 Townhomes Williamson 114 0 23 4 10/2012UnderConstr.

190Tamiro Plaza - Ph II501 S AUSTIN AVE GEORGETOWN, TX78626


191

The District MultifamilyTX-45 E TOLL & Greenlawn Blvd RoundRock, TX 78664

Developer Phone: (512) 514 - 0099Developer Company: MARK IV CAPITAL








GroundbreakEst.

Completion Status

192

Arrington Ridge599 University Blvd Round Rock, TX 78665

Developer Name: RECEPDeveloper Phone: (336) 275-6198Developer Company: CIPCONSTRUCTION


193

CITYSIDE TOWNHOMES1620 BRYANT DR ROUND ROCK, TX78664

Developer Name: HOWLS GOOGLEDeveloper Phone: (512) 327-3010Developer Company: LAND ADVISORS

09-07-2016 Townhomes Williamson 136 0 32 2 2/2014 5/2016 Complete

194

AVERY CENTRE SOUTH3550 N A.W. GRIMES BLVD ROUNDROCK, TX 78665

Developer Name: Justin BaileyDeveloper Phone: (214) 682 - 3588Developer Company: Unknown


195

University Village Apartments @ AveryCentre1401 Satellite View Round Rock, TX 78665

General Contractor Name: DarleneGeneral Contractor Phone: (512) 813 -7111General Contractor Company: ODENHUGHES LLC


196

Live Oak4121 Williams Dr Georgetown, TX 78628

Developer Name: Craig LintnerDeveloper Phone: (317) 587 - 0320Developer Company: Pedcor Companies


Williamson 108 n/a 11/2018 Planned

197

Mansions at Travesia4301 GRAND AVENUE PKWY AUSTIN,TX 78728

Developer Name: TIM OSBORNDeveloper Phone: (214) 669-7366Developer Company: WESTERN RIMINVESTORS

07-18-2017 Apartment Travis 445 445 49 4UnderConstr.

198

Creekside at Kenneys Fort1100 Kenney Fort Boulevard Round Rock,TX 78665

Owner Name: TIM TIMMERMANOwner Phone: (512) 784-3362Owner Company: KENNEY FORTHOLDINGS


199

WINDMILL HILL MULTIFAMILY1201 WESTINGHOUSE RDGEORGETOWN, TX 78626

Developer Name: ERINDeveloper Phone: (512) 328-6050Developer Company: LAND STRATEGIES








GroundbreakEst.

Completion Status

200

HAYS JUNCTION APARTMENTS PH II828 BEBEE RD KYLE, TX 78640

Leasing Agent Name: JessicaLeasing Agent Phone: (512) 312 - 9427Leasing Agent Company: HAYSJUNCTION APARTMENTS

05-22-2017 Apartment Hays 104 104 4 3 Planned

201

RIVERY PARK APARTMENTS PH II1400 RIVERY BLVD GEORGETOWN, TX78628

Developer Phone: (214) 748-4220Developer Company: TONY AUSTIN CO


202Rock Street Multi-ResidentialS Rock St & W 3rd St Georgetown, TX78626


203

The Depot TownhomesS Burnet St & E Bagdad Ave Round Rock,TX 78664

Developer Name: David FoorDeveloper Phone: (713) 961 - 3877Developer Company: Urban InTownhomes

04-17-2017 Townhomes Williamson 82 n/a Planned

204

Retreat at Wolf Ranch2306 WOLF RANCH PKWYGEORGETOWN, TX 78628

Developer Phone: (804) 290 - 8870Developer Company: MCCANN REALTYPARTNERS


205

WATERS AT SUNRISE2750 SUNRISE RD ROUND ROCK, TX78665

Developer Name: MICHAEL NGUYENDeveloper Phone: (469) 206-8903



206

SPRINGS AT ROUND ROCK1200 OLD SETTLERS BLVD E ROUNDROCK, TX 78664

Developer Name: Jenny ParkerDeveloper Phone: (262) 502 - 5500Developer Company: ContinentalProperties

01-24-2018 Apartment Williamson 260 260 13 2 12/2016 Complete

207

Bartz Ranch1101 Hidden Valley Drive Round Rock, TX78665

Developer Name: BENDeveloper Phone: (972) 385-1676Developer Company: DUKECONSTRUCTION








GroundbreakEst.

Completion Status

Submarket: San Marcos/N Hays

208

Hays Junction828 BEBEE RD KYLE, TX 78640

Leasing Agent Name: michaelLeasing Agent Phone: (512) 312 - 9427Leasing Agent Company: Capstone RealEstate

12-05-2016 Apartment Hays 207 205 8 3 10/2015 12/2016 Complete

209

CRADDOCK AVENUE MIXED USE1314 FRANKLIN DR SAN MARCOS, TX78666

Developer Name: GUY DUDLEYDeveloper Phone: (512) 550-0649Developer Company: STONEDEVELOPMENT GROUP


Hays 71 n/a Planned

210

Cotton Center ApartmentsAirport Highway 21 & TX-80 San Marcos,TX 78666

Developer Name: Becky CollinsDeveloper Phone: (512) 347 - 7070Developer Company: Walton Development& Management

09-06-2017 Apartment Hays 1,875 1,875 Planned

211

WONDERWORLD LOFT APARTMENTS185 WONDERWORLD DR SAN MARCOS,TX 78666

Developer Name: TRAVIS KILPATRICKDeveloper Phone: (512) 557-7296Developer Company: CBP PROPERTIES

08-30-2017 Apartment Hays 10 10 1 2 2/2018 Planned

212

Silverado Crossing Ph 21480 CABELAS DR BUDA, TX 78610

Leasing Agent Name: RoxyLeasing Agent Phone: (512) 295-0327Leasing Agent Company: PPI Management


213

Aria Plum Creek5020 Cromwell Dr Kyle, TX 78640

Leasing Agent Name: CynthiaLeasing Agent Phone: (512) 504-7633Leasing Agent Company: Ascension

08-12-2016 Apartment Hays 180 179 7 3 8/2016 Complete

214

OAKS ON MARKETPLACE20400 MARKETPLACE AVE KYLE, TX78640

Owner Name: BRIAN TEEPLEOwner Phone: (512) 329-5755Owner Company: TEEPLE PARTNERS,INC

07-07-2017 Apartment Hays 254 254 8 3 4/2018UnderConstr.

215 GREEN SPRING VILLAGE PH II1650 POST RD SAN MARCOS, TX 78666

06-28-2017 Apartment Hays 36 36 4 3 6/2018 Planned







GroundbreakEst.

Completion Status

216 GREEN SPRING VILLAGE PH III1650 POST RD SAN MARCOS, TX 78666


217

Residences @ San Marcos1271 SADLER DR SAN MARCOS, TX78666

Developer Phone: (903) 893 - 8500Developer Company: COVENANTDEVELOPMENT

06-13-2017 Apartment Hays 240 240 8 3 12/2016 6/2018UnderConstr.

218

Springs at Sunfield1255 Firecracker Dr Buda, TX 78610

Owner Name: WhitneyOwner Phone: (262) 502 - 5500Owner Company: Continental PropertiesCo. Inc.


219

SUNFIELD APARTMENTSI-35 @ FM 2001 BUDA, TX 78610

Developer Name: Dennis JurraDeveloper Phone: (512) 217-7614Developer Company: SCARBOROUGHLANE DEVELOPMENT

04-27-2017 Apartment Hays 264 264 3 Proposed

220

Emli at East Village2301 Rattler Rd San Marcos, TX 78666

Owner Name: Richard AshtonOwner Phone: (214) 563 - 3273Owner Company: Liberty Multifamily, LLC

04-12-2017 Apartment Hays 210 210 1 Planned

221

McCarty Commons ApartmentsI35 @ McCarty Lane San Marcos, TX78666

Developer Name: Clint NolenDeveloper Phone: (214) 675 - 2499Developer Company: Bay Mountain Capital

03-30-2017 Apartment Hays 414 414 Planned

222McCarty Commons TownhomesInterstate 35 S & E McCarty Ln SanMarcos, TX 78666

03-30-2017 Townhomes Hays 161 n/a Proposed

223

The Green at Plum Creek4300 Cromwell Dr Kyle, TX 78640

Leasing Agent Name: Stacy VillaLeasing Agent Phone: (512) 268-2400Leasing Agent Company: Capstone RealEstate Services, Texas








GroundbreakEst.

Completion Status

224

Trace ApartmentsS Old Bastrop Hwy & Posey Rd SanMarcos, TX 78666

Developer Name: Caren WilliamsDeveloper Phone: (512) 757 - 7006Developer Company: Star Land & RealtyCompany

01-17-2017 Apartment Hays 1,000 1,000 1 Planned

225

Oaks Of Kyle200 GOFORTH RD KYLE, TX 78640

Developer Name: DANNYDeveloper Phone: (512) 813-7111


226

Park at Willow Creek460 STAGECOACH TRL SAN MARCOS,TX 78666

Leasing Agent Name: DEBBIE AUSTINLeasing Agent Phone: (512) 787-5094Leasing Agent Company: THE PARK ATWILLOW CREEK

01-03-2018 Townhomes Hays 32 0 10 2 8/2010 11/2017 Complete

Submarket: Southeast

227

Old California515 E Slaughter Ln Austin, TX 78744

Developer Phone: (972) 292 - 7660Developer Company: WestwoodResidential

12-19-2017 Apartment Travis 256 256 2 2/2018UnderConstr.

228

South Shore Highline2435 E RIVERSIDE DR AUSTIN, TX78741

Developer Phone: (281) 501 - 8864Developer Company: Urban Genesis

12-06-2017 Apartment Travis 103 103 1 5 7/2018 10/2019 Planned

229

Concord7330 BLUFF SPRINGS RD AUSTIN, TX78744

Leasing Agent Name: MASON X410Leasing Agent Phone: (512) 389-3030


230

Rivermont Place2200 MONTOPOLIS DR AUSTIN, TX78741

Developer Name: JIM HOUGEDeveloper Phone: (425) 455-3879Developer Company: CAMPBELL-HOGUE


231

Flats on Mariposa1901 MARIPOSA DR AUSTIN, TX 78741

Owner Phone: (614) 207 - 3436Owner Company: The Pagura Company








GroundbreakEst.

Completion Status

232

Aura Riverside6101 & 6205 E RIVERSIDE DR AUSTIN,TX 78741

Developer Phone: (823) 371 - 6310Developer Company: Trinsic ResidentialGroup


233

Four South Shore District1115 Town Creek Drive Austin, TX 78741

Developer Phone: (713) 426 - 2004Developer Company: Grayco Partners


234 Cascades at Onion Creek M.U.D.11601-11819 S I-35 AUSTIN, TX 78747

10-13-2017 N/A Travis 1,680 1,680 Proposed

235

The Edison4711 E RIVERSIDE DR AUSTIN, TX78741

Developer Name: GARY KINGDeveloper Phone: (512) 494-4224


236

EDGEWICK1910 WICKSHIRE LN AUSTIN, TX 78741

Developer Name: MARKDeveloper Phone: (512) 994-4151Developer Company: WES PEOPLES


237STILL WATERS AT SOUTHPARKMEADOWS PHII515 E Slaughter Ln Austin, TX 78744


238

STILL WATERS AT SOUTHPARKMEADOWS515 E SLAUGHTER LN AUSTIN, TX78747


239

SOUTH SHORE POINTE TOWNHOMES1201 TOWN CREEK DR AUSTIN, TX78741

Developer Name: Russell SmithDeveloper Phone: (512) 680 - 1438Developer Company: INTOWN HOMES

08-08-2017 Townhomes Travis 71 0 13 4 8/2016 2/2018UnderConstr.







GroundbreakEst.

Completion Status

240

Southpark Crossing1701 OAK HILL LN AUSTIN, TX 78744

Developer Name: SAM KUMARDeveloper Phone: (512) 247-7000Developer Company: JCI RESIDENTIAL


241

1600 Pleasant Valley1600 S Pleasant Valley Rd Austin, TX78741

Developer Phone: (512) 494 - 4224Developer Company: Presidium Group


242

The Pointe at Ben White6934 E BEN WHITE BLVD AUSTIN, TX78741

Leasing Agent Name: NatalieLeasing Agent Phone: (512) 222-5658Leasing Agent Company: Capstone RealEstate Services, Texas



243

Radius on Grove2301 GROVE BLVD AUSTIN, TX 78741

Developer Name: TRE BANKSDeveloper Phone: (804) 290-8870Developer Company: MCCANN REALTY


244

The Rise Edgeview at Cherry Creek8001 S I-35 Austin, TX 78744

Leasing Agent Name: ashleeLeasing Agent Phone: (512) 402 - 3302Leasing Agent Company: Greystar


245

Aria Grand Apartments1600 Woodland Avenue Austin, TX 78741




246The Nightingale at Goodnight RanchVERTEX BLVD @ NUCKOLS CROSSINGRD AUSTIN, TX 78744

02-02-2017 Mixed Income Travis 174 44 1 Planned

247

FARMHOUSE APARTMENTS10801 S I-35 AUSTIN, TX 78747

Developer Name: CliffDeveloper Phone: (512) 813 - 7111Developer Company: Oden Hughes








GroundbreakEst.

Completion Status

248

William Cannon Place Apartments2112 E WILLIAM CANNON DR AUSTIN,TX 78744

Developer Name: CRAIG LINTNERDeveloper Phone: (317) 208-3769



249

Azul Lakeshore1201 LADY BIRD LN AUSTIN, TX 78741

Leasing Agent Name: ZoeyLeasing Agent Phone: (855) 374 - 2953Leasing Agent Company: Greystar


250

Lenox Boardwalk2515 ELMONT DR AUSTIN, TX 78741

Developer Name: BEN BROWDERDeveloper Phone: (512) 813-7119Developer Company: Oden Hughes


Submarket: Not in a Reis submarket

251

The Homestead at Mormon Mill Ph 11301 Max Copeland Dr Marble Falls, TX78654

Leasing Agent Name: LaurenLeasing Agent Phone: (830) 265 - 6960Leasing Agent Company: The Homesteadat Mormon Mill

12-11-2017 Apartment Burnet 68 68 5 3 2/2016 12/2017 Complete

252 Merritt Heritage Senior Village4700 Williams Dr Georgetown, TX 78633

12-07-2017 Mixed Income Williamson 244 122 7 4 Planned

253

The Homestead at Mormon Mill Phase 21301 MAX COPELAND DR MARBLEFALLS, TX 78654

Leasing Agent Name: LaurenLeasing Agent Phone: (830) 265 - 6960Leasing Agent Company: The Homesteadat Mormon Mill

12-06-2017 Apartment Burnet 65 65 Planned

254

LAKEWAYFM 620 S @ STATE HWY 71 LAKEWAY,TX 78738

Developer Name: LAURA VALLEYDeveloper Phone: (210) 487-7878


255

COLORADO CREEK @ THERIVERBEND3101 FALLWELL LN AUSTIN, TX 78617

Developer Name: AMY WILLIAMSDeveloper Phone: (949) 276-8300Developer Company: GOVEIACOMMERCIAL REAL ESTATE








GroundbreakEst.

Completion Status

256

TERRACE AT WALNUT CREEK8712 OLD MANOR RD AUSTIN, TX 78724

Developer Name: JohnDeveloper Phone: (210) 487 - 7878Developer Company: NRP Group


Travis 324 n/a 11 3 2/2018UnderConstr.

257

The Oaks at Lakeway2000 Ranch Road 620 South Lakeway, TX78734

Developer Phone: (512) 478 - 5788Developer Company: Stratus Properties


258

Western Springs Apartments603 W HIGHWAY 290 DRIPPINGSPRINGS, TX 78620

Developer Name: Laura MyrickDeveloper Phone: (512) 420 - 0303Developer Company: BETCODevelopment


Hays 72 n/a 1 2 Planned

259

Bella Vista21101 Boggy Ford Rd Lago Vista, TX78645

Developer Name: Ina SpokasDeveloper Phone: (512) 689 - 3343Developer Company: KCG Development,LLC


Travis 72 n/a 2 4/2018 4/2019 Planned

260

RIVERVIEW2951 W STATE HWY 29 GEORGETOWN,TX 78628

Developer Name: ERINDeveloper Phone: (512) 328-6050Developer Company: LAND STRATEGIES


261

Hunter's Crossing ApartmentsTX-304 & Home Depot Way Bastrop, TX78602

Owner Phone: (917) 453 - 0461Owner Company: The Village at HuntersCrossing, LLC

08-30-2017 Apartment Bastrop 182 182 3 Planned

262

THE WALSH2500 WALSH TARLTON LN AUSTIN, TX78746

Developer Name: BILL SARESDeveloper Phone: (512) 494-8510Developer Company: CYPRESS REALESTATE ADVISORS

05-26-2016 Townhomes Travis 55 0 5/2016 5/2019UnderConstr.

263

CYPRESS CREEK AT LEDGE STONEAPARTMENTSHWY 290 @ HERITAGE OAKS DRDRIPPING SPRINGS, TX 78620

Developer Name: MADISONDeveloper Phone: (512) 220-8000

04-26-2017 Apartment Hays 244 244 Proposed







GroundbreakEst.

Completion Status

264

INDIAN HILLSN FM 973 @ DECKER LAKE RD/STATE HAUSTIN, TX 78724

Developer Name: LARRY BEARDDeveloper Phone: (512) 276-7200Developer Company: INDIAN HILLSINVESTMENTS LTD

03-23-2017 Apartment Travis 1,000 1,000 12/2018 Planned

265130 Commer Center ApartmentsPecan St E & Weiss Ln Pflugerville, TX78660


266

MANSIONS AT LAKEWAY5313 SERENE HILLS DR LAKEWAY, TX78738

Developer Name: RobertDeveloper Phone: (210) 388 - 2332Developer Company: Western RimProperty Services



Sales Trend

Sales TrendApartment - 4Q 2017Prepared By Reis, Inc.



4Q 2017 Metro Statistics Metro Statistics - 12 Month RollingMean Median 25th Percentile Mean Median 75th Percentile

Cap Rate 4.7% 4.9% 4.6% 5.0% 5.3% 5.6%Sale Price $28,678,146 $23,625,000 $10,000,000 $27,887,868 $20,000,000 $32,000,000Sale Price Per Unit $116,012 $98,403 $87,440 $112,746 $103,807 $121,331Number of Units 247 249 112 247 221 290Number of Floors 3 3 2 3 3 3Year Built 1994 1994 1975 1996 1987 2007

DollarVolume (M) # Units #

Transactions

Dallas $982 7,453 33

Austin $430 3,708 15

Houston $156 1,091 4

Oklahoma City $79 627 5

San Antonio $69 809 3

Tulsa $34 737 4

Little Rock $26 655 3

New Orleans $20 492 2

Southwest Total $1,796 15,572 69

$0

$200

$400

$600

Dol

lar

Vol

ume

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

0

5

10

15

20

# T

rans

actio

ns

Apartment Transaction Trends

# $M

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

7.0

7.5

8.0

8.5

9.0

9.5

Austin Southwest US

Gross Rent Multiplier Trends

Based on 12 month averages

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

5.00%

5.50%

6.00%

6.50%

7.00%

Austin Southwest US

Cap Rate Trends


0

500

1,000

1,500

2,000

2,500

Uni

ts

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

0

1

2

3

4

5

6

Vac

ancy

Rat

e %

Supply and Demand Trends

Vacancy Percent Completions Net Absorption3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

$80,000

$90,000

$100,000

$110,000

$120,000

$130,000

$140,000

$150,000

Austin Southwest US

Weighted Average Price Per Unit Trends


Key Submarket and Pricing Activity

#Transactions # Units Dollar

Volume (M)Price PerUnits

Far Northwest 2 2,227 $259 $116,288Far South 7 1,285 $186 $144,782Far North Central 8 2,137 $172 $80,706Southeast 6 1,910 $172 $90,046Hwy 183/Cedar Park 4 1,321 $169 $128,044Ranch Rd 620N/FM2222 4 1,219 $154 $125,957San Marcos/N Hays 6 1,002 $104 $103,888

Based on 12 month averagesFor details on individual transactions, please go to the sales comparables section of the Reis website. www.reis.com




Submarkets1. Far South

2. Near South Central

3. Southeast

4. Central

5. East

6. Near North Central

7. Far North Central

8. North Travis

9. Near Northwest

10. Far Northwest

11. Hwy 183/Cedar Park/Leander

12. Round Rock/Georgetown/Hutto

13. San Marcos/North Hays County

15. Ranch Rd 620 N/F M 2222

Most Recent Transactions

City, State Submarket Year Built Floors Price Per Units Range Sale Date

Reis SalesComparables

Number

1. Austin, TX Far North Central 1969 2 n/a Q1 2018 37575212. Austin, TX East 1965 2 $75,000 - $99,999 Q4 2017 37522123. Austin, TX Far South 2016 4 n/a Q4 2017 37393664. Liberty Hill, TX Outside Delineated Submarkets 1998 1 n/a Q4 2017 37457045. Austin, TX Far North Central 1976 2 $50,000 - $74,999 Q4 2017 37456056. Austin, TX Far South 1971 3 n/a Q4 2017 37412387. Austin, TX Central 1984 3 n/a Q4 2017 37411798. Austin, TX Far South 2000 3 $150,000 - $199,999 Q4 2017 37363349. Austin, TX Central 1967 2 $150,000 - $199,999 Q4 2017 373657610. Austin, TX Central 1962 2 n/a Q4 2017 373655311. Austin, TX Southeast 1987 3 $50,000 - $74,999 Q4 2017 372802112. Austin, TX Southeast 2017 3 n/a Q4 2017 374096713. Austin, TX Ranch Rd 620N/FM2222 2000 3 n/a Q4 2017 372071614. Austin, TX Hwy 183/Cedar Park 2000 3 n/a Q4 2017 372415015. Austin, TX North Travis 1986 3 $75,000 - $99,999 Q4 2017 372029216. Buda, TX San Marcos/N Hays 2009 3 $75,000 - $99,999 Q4 2017 372162817. Austin, TX Ranch Rd 620N/FM2222 2003 3 $100,000 - $124,999 Q4 2017 372017618. Austin, TX Southeast 2016 3 $100,000 - $124,999 Q4 2017 371380419. Austin, TX Ranch Rd 620N/FM2222 1994 2 $75,000 - $99,999 Q4 2017 372651520. Austin, TX Central 1961 2 n/a Q4 2017 3705799

For details on the transactions listed above, click on the Sales Comparables number link. For historical transactions ortransactions in another Reis market, please go to the Sales Comparables section of the Reis website. www.Reis.com

https://se.reis.com/comps/index.cfm?event=comps.getSCByRecordID&scid=3757521























Property Location and Physical Characteristics

Property Name The Park at Monterey Oaks Property Type Market Rate Rental

Address 4701 Monterey Oaks Blvd Building Area (SF)

City Austin No. of Bldgs./Floors 15 / 3

State/ZIP/County TX / 78749 / Travis Year Built/Renovated 2000 / 2016

Metro (Submarket) Austin (Far South) Total Units/Asset Class 428 / A

Comments

Sale Details and Analysis

Sale Date 07 Dec 2017 Reis Cap Rate Analysis ProformaSale Price $67,913,750 EST All per unit figures are monthly

Sale Price/Unit $158,677 Total Units 428Sale Price PSF -- Potential Rent Revenue $6,989,268

Vacancy at Sale -- Vacancy Loss/Rate ($293,941) [ 4.2%]$1,361 Market Rent x 12 Months

x 428 Units x 4.2%

Seller 1. Barings Real Estate Advisers / (312) 465-1500 / 150 S WackerDr, Ste 350, Chicago, IL 606062. CPF PMO Austin LLC

Effective Rent Revenue $6,695,327$1,361 In Place Rent x 12 Months

x 428 Units x 95.8%

Free Rent Concessions ($142,276) [$332 Per Unit]Credit Loss ($69,893) [ 1.0%]

Buyer 1. Northland Investment Corporation / (617) 965-7100 / 2150Washington St, Newton, MA 024622. Northland Monterey Oaks LLC

Additional Income $0 [$0 Per Unit]

Effective Gross Revenue $6,483,158Operating Expenses/Ratio ($3,368,827) [ 48.2%]

Capital Reserve ($128,400) [$300 Per Unit]Comments Sales price is undisclosed. Net Operating Income $2,985,931

Estimated Going-in Cap Rate 4.4%Based on Sale Price of $67,913,750

12-Month Rolling Metro Cap Rate 5.1% (Q4 2017)Reported Cap Rate, This Sale None

Additional Details When Available

Seller's Broker Buyer's Broker

Other Broker

Interest Purchased -- Lot Size 1,106,119 SF / 25.39 Acres

Parcel Number 464973 Number Monthly RentEfficiencies -- --

1 Bedrooms 303 $1,327

2 Bedrooms 125 $1,668

3 Bedrooms -- --

Deed Reference 2017193778 4 Bedrooms -- --

Time on Market Total 428 $1,426

Financing Details CBRE Multifamily Capital Inc provided a $54,331,000 loan.

Other:





Property Name State House On Congress Property Type Market Rate Rental

Address 1221 S Congress Ave Building Area (SF)


State/ZIP/County TX / 78704 / Travis Year Built/Renovated 1996 / 2017

Metro (Submarket) Austin (Far South) Total Units/Asset Class 285 / A

Comments Reinforced Concrete


Sale Date 30 Oct 2017 Reis Cap Rate Analysis ProformaSale Price $63,500,000 EST All per unit figures are monthly

Sale Price/Unit $222,807 Total Units --Sale Price PSF -- Potential Rent Revenue --

Vacancy at Sale -- Vacancy Loss/Rate --

Seller 1. Teachers Insurance & Annuity Associates / (212) 490-9000 /730 3rd Ave, New York, NY 100172. T-C State House on Congress Apartments LLC

Effective Rent Revenue --

Free Rent Concessions --Credit Loss --

Buyer 1. 1221 SC Owner LLC / 607 W 7th St, Austin, TX 78701 Additional Income --

Effective Gross Revenue --Operating Expenses/Ratio --

Capital Reserve --Comments Sales price is undisclosed. Net Operating Income --

Estimated Going-in Cap Rate --




Other Broker

Interest Purchased -- Lot Size 407,256 SF / 9.35 Acres


1 Bedrooms 170 $1,457

2 Bedrooms 100 $1,912

3 Bedrooms 15 $2,180

Deed Reference 2017173753 4 Bedrooms -- --


Financing Details International Bank of Commerce provided a $50,800,000 loan.

Other:





Property Name Meritage at Steiner Ranch Property Type Market Rate Rental

Address 4500 Steiner Ranch Blvd Building Area (SF)


State/ZIP/County TX / 78732 / Travis Year Built/Renovated 2003 / --

Metro (Submarket) Austin (Ranch Rd 620N/FM2222) Total Units/Asset Class 500 / A

Comments


Sale Date 15 Nov 2017 Reis Cap Rate Analysis ProformaSale Price $62,166,250 EST All per unit figures are monthly

Sale Price/Unit $124,333 Total Units --Sale Price PSF -- Potential Rent Revenue --

Vacancy at Sale 9.8% Vacancy Loss/Rate --

Seller 1. Steadfast Companies / (949) 852-0700 / 18100 Von KarmanAve, Irvine, CA 926122. Sir Steiner Ranch Apartments LLC

Effective Rent Revenue --

Free Rent Concessions --Credit Loss --

Buyer 1. Blackstone / (212) 583-5000 / 345 Park Ave, New York, NY101542. BREIT Steadfast MF Steiner TX

Additional Income --

Effective Gross Revenue --Operating Expenses/Ratio --

Capital Reserve --Comments Sale price is undisclosed. Part of $460.8 million portfolio sale,

totaling 4,584 units. Sale includes 20 apartment properties inAustin, Dallas, San Antonio, Nashville, and Louisville.

Net Operating Income --Estimated Going-in Cap Rate --




Other Broker

Interest Purchased -- Lot Size 5,086,501 SF / 116.77 Acres


1 Bedrooms 125 $1,200

2 Bedrooms 125 $1,423

3 Bedrooms 125 $1,509

Deed Reference 2017184252 4 Bedrooms 125 $1,884


Financing Details Holliday Fenoglio Fowler LP provided a 7 year $49,733,000 loan.

Other:

Click here for a glossary of terms, or go to https://se.reis.com/ReisSEGlossary.pdf

https://se.reis.com/ReisSEGlossary.pdf


About Reis

Reis provides commercial real estate market information and analytical tools to real estate professionals through itsReis Services subsidiary. Reis Services, including its predecessors, was founded in 1980. Reis maintains a proprietarydatabase containing detailed information on commercial properties in metropolitan markets and neighborhoodsthroughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution,flex/research & development, self storage, seniors housing properties and affordable housing, and is used by realestate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition,Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associatedwith individual mortgages, properties, portfolios and real estate backed securities. Reis currently provides itsinformation services to many of the nation's leading lending institutions, equity investors, brokers and appraisers.

Documents

Metro: Austin - Top Producer® Website · 2018. 3. 24. · employment growth based on the supply of workers, not the supply of jobs. According to Current Employment Statistics (CES)