Multifamily Investment Opportunity in Austin, TX
2.44X
Equity Multiple
26.54%
Target IRR
7%
Preferred Returns
Why South Congress?
Join the Rastegar Capital family and become part of a 257,000+ sq. ft. mixed-use project in the heart of South Congress Avenue.
This development features 289 multifamily units, 2,670 sq. ft. of ground-floor retail, and a built-in live/work community, offering lucrative returns in one of the fastest-growing markets in the U.S.
About The Project
This mixed-use development at 5402 South Congress Avenue will feature 289 multifamily units, including 9 unique live/work units designed to attract a diverse tenant base. With over 2,670 sq. ft. of ground-floor retail, the property will serve as a vibrant hub for both residents and the broader South Congress community.
Recent zoning changes have enabled an increased unit count and expanded square footage, reducing the number of required affordable units and significantly enhancing profitability. Investors can anticipate a Levered IRR of 26.54% and an equity multiple of 2.44x over the projected 48-month hold period.
Prime Location in Austin's Hottest District
South Congress (SoCo) is one of Austin's most sought-after areas, known for its vibrant culture, thriving local businesses, and high demand for residential and commercial spaces. With Austin’s population and economy growing rapidly, this project is positioned to capitalize on a premium location that guarantees strong rental demand and significant long-term value appreciation.
High-Yield Investment Opportunity
The South Congress project offers investors a chance to earn attractive returns with a projected 12% APY. This high-yield opportunity is supported by Rastegar's proven expertise in managing and developing income-producing properties in high-growth markets like Austin.
Sustainability and
Community Focus
This project is designed to enhance the South Congress neighborhood by blending modern development with sustainable and community-focused principles. By investing, you contribute to a development that not only drives financial returns but also preserves and enriches the cultural and economic vitality of the area.
289
Multifamily Units
257K
Rentable Square Footage
$86M
Total Project Cost
7%
Preferred Return
26.54%
Target IRR
2.44X
Equity Multiple
Why Invest In Texas Real Estate?
Texas is a powerhouse of economic growth and opportunity, making it one of the most attractive states for real estate investment. With a booming population, a thriving job market, and a business-friendly environment, Texas continues to draw both residents and businesses at an unprecedented rate. For investors, this translates into high demand for housing and commercial properties, steady rental income, and significant long-term value appreciation.
Population Growth
Dynamic population growth in Austin, one of the fastest-growing U.S. cities.
Increased demand
Modern developments like South Congress are in short supply.
Regulatory Advantage
Favorable zoning enables greater profitability for investors.
5412 South Congress Avenue: Redefining Urban Living in Austin
Find the property on a map!
A Message From Our CEO
At Rastegar Capital, we are proud to bring you 5402 South Congress Avenue—a landmark development blending modern design, vibrant community spaces, and exceptional investment potential.
This project reflects our commitment to creating value for investors while shaping the future of one of Austin’s most dynamic neighborhoods. We invite you to be part of this transformative opportunity.
Best regards,
Rastegar CEO
Learn More
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Frequently Asked Questions
What are the expected returns on this project?
The project projects a Levered IRR of 26.54%, an equity multiple of 2.44x, and a preferred return of 7%. These figures reflect the strong growth potential of the South Congress market.
How long is the investment hold period?
The anticipated hold period is 48 months, with quarterly distributions for the 7% preferred return starting after stabilization.
What is the minimum investment amount?
The minimum investment is $50,000, which aligns with Rastegar Capital’s goal of making institutional-quality investments accessible to accredited investors.
When will construction start and finish?
Construction is expected to begin in early 2025, with a projected completion timeline of 18 months, reaching stabilization by 2026.
Can I invest using a retirement account?
Yes, you can invest using a Self-Directed IRA or Solo 401(k). These accounts allow retirement funds to be allocated to alternative assets like real estate. Consult your financial advisor to ensure compliance and alignment with your goals.
What types of units and amenities are included?
The development includes studio, one-bedroom, and two-bedroom units, along with live/work spaces. Amenities include ground-floor retail, shared workspaces, and modern recreational areas, all designed to enhance the resident experience.
How does the project benefit the local community?
The project brings much-needed housing, retail opportunities, and jobs to the area. By integrating affordable units and live/work spaces, it fosters a diverse and dynamic community.
How will I receive updates on the project?
Investors receive regular updates via email and through our secure online portal, which provides detailed financial reports, construction progress updates, and key milestones.
To learn more about our target returns, minimum returns, and the potential risks involved in real estate investments, take a look at our Offering Memorandum.
Important: Past performance doesn’t guarantee future results.