Texas Multifamily Portfolio
Archway Capital began investing in Texas in 2013. In researching the national economy, Austin was found to be economically resilient due to the University of Texas, Austin and its role as the Texas state seat of government. Intellectual capital coupled with a business friendly, low cost of living environment gradually attracted companies such as Google, Oracle and Apple to open new offices along with the growing DELL and IBM companies. As jobs increased and the unique quality of Austin life was realized, more residents followed as did real estate returns.
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Austin is one of four major Texas employment centers. Dallas/Fort Worth, Houston and San Antonio have enjoyed expanding economies with an attractive talent pool and favorable business regulations that further job growth and subsequent multifamily rental demand.
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Archway has built relationships with local operators in each market. It reviewed numerous investments, conducted financial and physical due diligence to ensure its investments had the highest probability of pro forma return of principal and yield generation. These multifamily opportunities have and continue to produce up to 2.0 - 2.5x multiple returns in a five year hold period with average, annual cash on equity returns of 6-12%.
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Archway will continue to research these Texas and other national markets to uncover new, favorable yield opportunities.
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