Found 3 blog entries tagged as lease.

A new report reveals Texas' most competitive rental markets. Photo courtesy of Amli

CultureMap Austin writes, "many looking to rent an apartment in Austin might be having a hard time — and for those wondering why, Rent Cafe offers an answer in its end-of-the-year report on Texas' most-competitive rental markets.

In Austin, renters are mainly staying put, renewing their leases into 2023. According to Rent Cafe, nearly 60 percent of renters and apartment dwellers opted to stay where they were. That's creating a tight squeeze for would-be renters; for every available apartment, there are, on average, 12 renters vying to live there.

Rent Cafe also indicates that apartments in Austin fill up within 30 days and the overall apartment market finds itself at about 95 percent occupancy.

That's great news for rental property owners,…

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According to the Austin Business Journal, "A Phoenix-based builder of rental homes is increasing its investment in the Austin area to $164 million with its latest land purchase.

NexMetro Communities LLC announced Sept. 16 the purchase of 25 acres in Liberty Hill, where the company will construct a neighborhood of 260 single-family rental homes called Avilla Rio Oaks. It will join two other NexMetro projects in the works for in the suburbs around Austin; the company already announced another in Liberty Hill and an additional community in Georgetown.

"NexMetro is actively seeking new sites ideal for our luxury leased Avilla Homes neighborhoods in multiple Austin submarkets," stated Jason Flory, managing director of NexMetro's Austin division.…

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A major real estate investor in Austin has acquired a sizable apartment complex in the fast-growing suburb from a prominent developer based in the city.

Palladius Capital Management acquired the 342-unit, located in Kyle from Endeavor Real Estate Group, which completed the project earlier this year.

The sale price was not disclosed.

Kyle and other areas south of Austin have proven to be a popular market for multifamily construction and projects as of late

The complex Palladius got is called Citizen House Kyle, and located along the I-35 Innovation Corridor, part of the larger Dry River District, which includes a 65-acre mixed-use community also being developed by Endeavor Real Estate Group. The deal for the apartment complex includes one-…

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