Ave Austin North Lamar

Austin, TX

Multifamily - Mixed‑use

Ave Austin North Lamar

MULTIFAMILY - MIXED‑USE

ACRES Capital announced today that it has provided a $47.5 million first mortgage loan to finance Ave Austin North Lamara, a 226‑unit, Class A mixed‑use/multifamily community located at 7400 North Lamar Boulevard in Austin, Texas.

The Property features:

• Mix of traditional market‑rate apartments
• 88 flexible‑stay furnished units leased primarily to corporate and extended‑stay users at a premium.
• Resort‑style amenities
• Fitness center
• swimming pool
• Rooftop lounge, resident and cyber lounges
• Conference room
• Dog spa, outdoor courtyards with fire pits
• Package room
• EV charging
• On‑site parking garage providing approximately 315 spaces (about 1.4 spaces per unit).

Unit finishes include:
• stainless steel appliances
• Quartz or granite countertops
• Subway tile backsplashes
• Shaker‑style cabinetry with under‑cabinet lighting
• Nest thermostats
• In‑unit washer/dryers,
• Select features such as balconies, kitchen islands, and walk‑in showers.

$48 Million

Loan Amount

Refinance

Loan Product

“ACRES is pleased to support a high quality, well located community in one of the nation’s most dynamic growth markets, alongside an experienced sponsor. AVE Austin North Lamar’s blend of traditional apartments and flexible stay furnished suites positions the Property to serve both long term residents and extended stay corporate renters, capturing strong demand drivers across the North Austin corridor.””

- Mark Fogel

Chief Executive Officer and President of ACRES

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.