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6/15/22
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RREAF Communities, a division of Dallas-based RREAF Holdings has purchased 3,173 acres of land located at the intersection of State Highways 130 and 80 in Caldwell County, between San Antonio and Austin, TX. The land will be used for a master-planned community development.
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RREAF Communities will oversee the large community development. Preliminary plans call for thousands of residential homes in various product types, as well as retail, restaurants, hotels, offices, healthcare and light industrial uses and future school sites. RREAF plans to provide single family lots along with build-to-rent, townhomes, and multifamily properties to meet the needs of a growing population of people coming to the area.
The community will offer amenities including hiking and biking trails, outdoor event pavilions, athletic fields, and fitness centers. A construction timeline has not yet been established.
The land is located 30 minutes from Austin and 40 minutes from San Antonio near the cities of San Marcos and Lockhart, TX. The acreage of the sale is significant and another indication that the Austin area will likely continue to expand into a larger metroplex area.
John Conger with Avison Young represented the seller, Fortress Land Investments LLC, in the transaction. Kamiar Duck and David Conger with Cade Capital Group repped the buyer in the deal.
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