By Michael Ross, Vice President, Asset Management & Entitlements
Rockspring Capital ended 2015 with two very strong property purchases in booming Austin and Houston submarkets.
The first acquisition is our second tract in the city of Leander, Texas, located just north of Austin. The 19.7-acre lot will be sold in multiple parcels over the next few years as the area continues to grow. The asset is located at the northeast corner 183A and Crystal Falls Parkway, in close range of multiple schools, office complexes and shopping centers.
We are also proud to announce the acquisition of a 5-acre property, which has a small, older apartment community currently on the site, located just north of the Galleria neighborhood in Houston. The plan for this covered land play is to sell the property to a developer who will tear down the buildings and redevelop to meet the rising demand for higher-end single-family residences.
These properties are a great example of the expertise, quality and quick turn potential that Rockspring’s portfolio offers to its investing partners. We look forward to even more successful acquisitions in the near future.
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This is neither an offer to sell nor a solicitation of an offer to buy any security, which can be made only by the confidential private placement memorandum (PPM) and all exhibits, attachments and supplements thereto, and sold only by broker-dealers and registered investment advisors who are licensed to do so. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption there from and from applicable state laws. Please read the PPM carefully before you invest. There is no assurance that the investment objectives of this program will be attained. All information is subject to change. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to this investment. Rockspring Capital, LLC makes no representations as to the suitability for any purpose of any investment whatsoever. This presentation is intended solely for accredited investors who have received a PPM. Any unauthorized reproduction of this information is strictly prohibited.
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