July 11, 2022

Halstatt Real Estate Partners and Coastal Ridge Real Estate to Develop Build-for-Rent Community within the Austin Metro Area

Naples, Florida. – July 12, 2022 – Halstatt Real Estate Partners, a real estate private equity firm, today announced its plans to develop a new build-for-rent community, Stillwell at Avery Centre. The community will have 225 units, supported by onsite leasing, a clubhouse, pool, fitness center, and parks. Halstatt Real Estate Partners is partnering with Coastal Ridge Real Estate on this development.

“The confluence of a variety of macroeconomic and demographic factors has contributed to the appeal of build-for-rent housing, and more specifically horizontal apartments, as an alternative single family housing option,” says Steve Iannaccone, principal, Halstatt Real Estate Partners. “Following the groundbreaking of our first two build-for-rent projects in Florida, Halstatt is pleased to announce the development of Stillwell at Avery Centre in Round Rock, Texas. We continue to partner with exceptional development platforms and are excited to have a pipeline of high conviction opportunities in the segment.”

Located in Round Rock, Texas, within the Austin MSA, this build-for-rent community will have 225 homes, comprised of 66 one-bedroom,108 two-bedroom, 28 two-bedroom two-story, and 23 three-bedroom luxury single-family for rent residences. The one-bedroom units will all be attached duplex-style homes while the two- and three-bedroom units will be detached single-family residences. All residences will have private first floor entryways and private fenced backyards with patios, and will offer flexible parking options including open parking as well as covered and garage parking options.

“Stillwell at Avery Centre is our second of four investments in the build-for-rent space with Halstatt Real Estate Partners,” said Andy Lallathin, co-founder and managing partner, Coastal Ridge Real Estate. “This differentiated offering provides residents with the affordability and convenience of apartment living with all the advantages of a single-family lifestyle.”

The gated community will be equipped with state-of-the-art amenities, including smart home technologies, a 5,000 sq. ft. clubhouse (leasing center, fitness center, kitchen, game/lounge room, work area, and mailroom), resort-style pool with cabanas, parks and dog park, event lawn/outdoor space, food truck area, firepits and gas grills, and Wi-Fi in the common areas.

The property is situated in the 1,200-acre master planned community of Avery Centre, 25-miles north of Austin. Avery Centre is designed to feature a walkable, mixed-use town center, residential neighborhoods, and an extensive park system, all anchored by nearby large institutional uses such as Ascension Seton Medical Center, Texas A&M University Health Science Center, Texas State University, and Austin Community College.

Halstatt Real Estate Partners identifies value add and opportunistic real estate projects throughout Florida, the Southeast and Texas. The company partners with project sponsors to develop and implement a strategic business and capital improvement plan to maximize demand driven development and investment opportunities.


Jenna Rambaud