Shiloh at Oak Hill
Multifamily
Long-term Hold
An existing LP called Wildhorn and let us know they were selling an asset in the Northeast and wanted to partner with us in executing a 1031 Exchange and buy an asset locally. Their goal was to trade into a trophy property in Austin that would be a long-term cash flowing investment for their family. We set out to identify the nicest assets being built in strong locations that would endure for the next 10+ years. We purchased The Shiloh in early 2022 before it was fully stabilized and placed a low-leverage, fixed rate 10-yr loan on the asset at closing.
Our CTX Insights
Lack of supply coming to this submarket
Shiloh is located in Southwest Austin which, due to environmental issues, is the most difficult submarket in the city to develop in—thereby limiting future supply. It is also experiencing tremendous growth, which necessitated a major roadway expansion project at our doorstep; with intimate knowledge of the area/location and a long-term view, we were able to lean into the road construction knowing the property would be the beneficiary of this project long after living through the construction.
286
Units
2021
Construction
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