John Walker
Austin, TX (USA)
Role(s):
Founder/Owner/Principal
RR homestead
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Startup
Location:
Austin
Industry:
Real Estate
Year Founded:
1995
Number Employees:
1-10 people
Description:
Real Estate developer that focuses on suburban garden apartments. We own a site that adjoins Dell computer's headquarter in Round Rock, TX that is zoned, entitled and has preliminary site plan approval from the city for 270 units. We are looking for an Investors to JV the development with us. We will need about $5.5 million in equity to go with the $16.5 million construction loan. Estimated return to the investor is an 18.5% IRR with a sale in year 3.