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The Lotus Village

Location:  300 Ferguson Dr, Austin, Texas - 78753

Year Built:  2012

Class:  B

Units:  222

Seller:  Jeff Alexander

Acquisition Date:  26 June, 2021

Investment & Highlights

Lotus Village is located in Austin, Texas, the 11th most populous city in the United States and 4th most populous in Texas. Austin has been named the #1 fastest growing major metro area for population growth for nine straight years. Austin was ranked the #1 place to live, for its consecutive third in 2019.

Austin is experiencing major development with the construction of Project Riverside, which is a 97 acre mixed use development composed of over 10 million square feet of office, retail, hospitality, and multifamily space. There is also major construction going on in the Broadmoor Campus redevelopment with the addition of over 3.2 million square feet of mixed use space.

Austin will be adding its first major league franchise this year with the inception of Austin FC into the MLS, on its 2021 season.

Over 15 Fortune 500 companies across the Technology (Apple, DELL Technologies, IBM Corp, Oracle Corp), Manufacturing (3M, General Motors, NXP Semiconductors), and Financial (VISA, Charles Schwab, Citizens,) industries are present in the Austin area.

The Austin-Bergstrom International Airport just completed a $350 million expansion which was composed of 11 additional gates, reconstruction of 3 existing gates, and 1,308,000 square feet of apron pavement.