Lavella, Austin, TX
39-acre hilltop community in a high-barrier-to-entry Austin submarket.
Hines U.S. Property Partners
Elevated living meets natural beauty
AT A GLANCE
Lavella, Austin, TX
Multifamily community nestled amid scenic hilltops, accessible to employment hubs
344,561SF, 334 units
Description
In October 2021, HUSPP acquired Lavella, a 334-unit, midrise multifamily asset in West Austin with panoramic hill country views. With Hines’ in-house development and management capabilities, HUSPP was able to reenvision the asset, bringing it up to Class A standards and providing an exceptional resident experience. The upgrades included countertops, flooring, lighting, restrooms, and fixtures, which allowed for mark-to-market rents.
Lavella is well positioned to capture the significant rental demand in the Austin submarket. The property is located near top-rated schools and major transportation arteries, offering convenient access to employment nodes including the central business district in downtown Austin. Multifamily entitlements in the surrounding area are difficult to obtain, limiting future supply.
Located adjacent to more than 6,000 acres of nature preserves, parkland, Lake Austin and Lake Travis, residents have access to a series of nearby outdoor recreational activities.
Gallery
Disclosures
Lavella is part of the HUSPP portfolio. The case study presented herein is for illustrative purposes only. It should not be assumed that investments made in the future will be comparable in quality or performance to the investment described herein.
The case studies selected are the largest Living assets by unit in the HUSPP portfolio.
For use by professional/accredited investors only.