Trez Capital announced the closing of an equity investment in partnership with Thompson Realty Capital for the development of a garden-style multifamily project in San Marcos, to be called La Cima.
With a total development cost in excess of $50 million, the project marks a key addition to the company’s development fund, the Trez Capital Private Real Estate Fund Trust (TPREF). This announcement comes on the heels of another joint venture partnership with Thompson Realty Capital for the recent closing of a $33.3 million equity investment for the development of a 504-unit garden-style multifamily project in Austin.
The La Cima project is located in Hays County along the I-35 corridor and is approximately 30 minutes from Austin and San Antonio. Spanning 21 acres, the project will include 304 units with attached and detached garages in two- and three-story buildings. Residents will experience unmatched Texas Hill Country apartment living with unsurpassed views and large m
