The Elliott

Austin MSA, TX

  • Target Annual Cash 7.5%
  • Target IRR 17%
  • Target Equity Multiple 2.44x
  • Asset Profile Value Add
  • Min. Investment $50K
  • Estimated Hold 6.5Y
Presidium Group Austin, TX

Multi-Family Property

About this Property

Presidium Group is seeking accredited investors to fund Joint-Venture Equity for the development of the project known as "The Elliott" in Austin MSA, TX. "The Elliott" is a 272-unit, garden-style multifamily community located in the highly sought-after area of Pflugerville, Texas.

"The Elliott" is to be built on 9 acres of land located within a Planned Unit Development area that has convenient access to major highways. The project offers an opportunity to co-invest in the development of an infill site in the rapidly expanding Northeast submarket area of the Austin MSA; Pflugerville Texas, where demand for new multi-family housing is projected to continue to grow more rapidly than supply for the next several years.

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Key Points

  • The Elliott at Pecan, a proposed 272-unit, market-rate project, will be built in Pflugerville as the first phase of the proposed Pecan District. The Pecan District is a planned $1.2 billion, 45-acre, development including public facilities, office, retail, restaurant, and residential uses.
  • The site is located immediately opposite both Springhill Elementary School and Pflugerville Middle School. It is less than 1 mile from Pflugerville High School and 1.5 miles from I-35. It is 16 miles north of downtown Austin. The Sponsor, the Presidium Group, currently owns 38.5-acres. The Subject’s site is 9.9 acres platted separately from the overall 38.5-acre site. The 9.9-acre site includes a 0.5-acre public easement (for dedicated park space). All utilities are available at the site.
  • The site is zoned PUD with residential entitlements permissive of the proposed use.
  • The Subject’s architectural plans are nearly complete and a Site Plan Development Permit has been requested from the City of Pflugerville.


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Offering Financial

Location Details

Austin MSA, TX

Master plan: The subject is the first phase of The Pecan District, a planned $1.2 billion, 45-acre, development including public facilities, office, retail, restaurant, and residential uses.

Proximity to Arterial Road: The subject is located approximately 1.5-miles east of IH-35, the primary north-south highway in the Austin and Central Texas region.

Convenience: The site is 16 miles north of downtown Austin. It is also 10 miles south of the Round Rock Premium Outlet Center.

School: The site is located immediately opposite both Springhill Elementary School and Pflugerville Middle School. It is less than one mile from Pflugerville High School.

Employer: 5.3 miles south of Dell Computers corporate headquarters and 6.3 miles north of Samsung’s campus.

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Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The funding deadline is October 1st, 2018.

The first projected distribution is scheduled for July 2020.

Distributions are scheduled to go out on a quarterly basis.

No, this offering is only available to US residents.

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