February 22, 2021
Austin, Texas – Transwestern Investment Group (TIG®) announces it is partnering with Stanmore Partners to develop Stanmore Warner Ranch, a 336-unit multifamily project at 2630 S. A.W. Grimes Blvd. in Round Rock, Texas.
“We believe the asset’s location near major employment centers in North Austin and Round Rock and accessibility from major thoroughfares make Stanmore Warner Ranch an attractive investment opportunity,” said Greg Laczkowski, Managing Director at TIG. “Those attributes, coupled with Stanmore Partners’ history of delivering successful, Class A multifamily projects, will provide renters with a high-quality community at a rent level that compares well with surrounding properties.”
With seven garden-style buildings, the property will offer tenants a high-end community amenity package including a resident lounge, business center, fitness center, resort-style swimming pool, courtyards with outdoor seating and a dog park. Interior units will feature a Class A finish-out consisting of custom shaker-style kitchen cabinetry, chrome hardware, hard-surface countertops, stainless steel appliances, wood-style flooring, and washer/dryer sets. The four-story buildings are served by elevators and air-conditioned corridors, with ample parking in a combination of surface, tuck-under and garage spaces.
Situated along the Interstate 35 corridor at the intersection of South A.W. Grimes Boulevard and State Highway 45, Stanmore Warner Ranch is well-positioned near several of North Austin’s top employers, including Dell’s world headquarters, Emerson Process Management, St. David’s Round Rock Medical Center, Baylor Scott & White Medical Center, Apple, Samsung and more. The property provides residents with convenient access to several retail destinations, including Round Rock Premium Outlets, University Commons, University Oaks, La Frontera and The Domain. The large amount of nearby employment and entertainment could attract a talented and high-earning resident base seeking high-quality living options.
Stanmore Partners has developed more than 1,900 units of Class A, luxury residences in Texas and Florida since 2013. The first units of the project are slated for delivery in second quarter 2022.
About Transwestern Investment Group
Transwestern Investment Group (TIG®) is a real estate investment adviser with $4.7 billion of assets under management as of December 2020. The firm serves a broad range of institutional and high-net-worth clients with its full-service investment management and Transwestern’s integrated operating platform.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
The clients included in this press release were not selected based on performance, but because they are some of the largest well-known clients with similar strategic alliances. It is not known whether these clients approve or disapprove of TIG or the services or products it provides.
About Stanmore Partners
Stanmore Partners is a real estate development and investment firm founded in 2013 to pursue investment opportunities that generate superior risk-adjusted returns by developing and acquiring Class A multifamily properties in markets and locations with strong fundamentals. Its Principals bring a combined 35+ years of real estate experience and Stanmore has a strategic partnership with Hoar Construction, one of the nation’s premier commercial contractors, to create an integrated development and construction platform. Learn more at www.stanmorepartners.com.