Leander, TX · Austin MSA · Multifamily Construction
Oaks of Leander
200-unit proposed ground-up multifamily development at 1200 Halsey Dr., Leander — adjacent to Benbrook Park in one of Austin's fastest-growing suburbs. $42M total project cost targeting 20% IRR, 125% ROI over 5 years, and 10% stabilised cash yield.
Raising Capital
200 Units · Ground-Up
Leander · Austin MSA
Austin-MSA multifamily. Ground-up, park-adjacent.
Oaks of Leander is a proposed 200-unit multifamily construction project in Leander, Texas — a high-growth Austin suburb with accelerating corporate, industrial, and mixed-use development. The site sits adjacent to Benbrook Park, offering natural-amenity proximity that differentiates the scheme in a submarket that has historically been underserved for Class B+ garden-style rental product.
Address: 1200 Halsey Dr., Leander, TX 78641
Sponsor / Developer: Trinity Realty
Financing Platform: WelcomeLend
Offering Snapshot
Total Units200
Property TypeApartment (Multi-Family)
Year BuiltProposed
Project Cost$42M
Minimum Investment$50,000
Target IRR20.00%
Target ROI (5-yr)125%
Target Cash Flow10%
SubmarketLeander · Austin MSA
01
Executive Summary
The Opportunity
Oaks of Leander is a proposed 200-unit multi-family construction project at 1200 Halsey Drive, Leander, Texas — strategically positioned in one of the Austin metropolitan area's fastest-growing suburbs, adjacent to the natural amenity base of Benbrook Park. Total project cost is $42 million, targeting a 20% IRR, 125% 5-year ROI, and 10% stabilised cash-on-cash yield at a $50,000 minimum investment.
The investment thesis rests on three pillars: (1) Austin MSA growth tailwinds — consistent ranking among fastest-growing U.S. metros; (2) Leander supply-constrained submarket — $1B+ of announced commercial/industrial pipeline while Class B+ multifamily supply lags demand; (3) Ground-up new-build premium — modern finishes plus resort-style amenities plus direct Benbrook Park proximity. Sponsored by Trinity Realty; financing facilitated via WelcomeLend ($3B+ closed transactions).
02
Bio
About Oaks of Leander
Oaks of Leander is a ground-up Class B+ garden-style multifamily development targeting the underserved rental segment of Leander — a top-growth Austin suburb that has attracted more than $1B of announced commercial, industrial, and mixed-use development over the past several years. The site at 1200 Halsey Drive sits directly adjacent to Benbrook Park, creating a natural-amenity moat that is rare at this cost basis.
The project is structured as a 5-year hold with sale or refinance-and-hold exit optionality at stabilisation. Capital is raised via accredited-investor LP equity ($50K min) alongside institutional senior debt, with the sponsor (Trinity Realty) providing co-invest alignment and end-to-end execution from entitlements through stabilised asset management.
Project Scope
Total Units
200
Ground-up new construction
Product
Class B+
Garden-style multifamily
Total Project Cost
$42M
All-in development budget
Construction Period
18–22 mo
Vertical build duration
Lease-Up
12–18 mo
Post-CO rolling lease-up
Natural Amenity
Benbrook Park
Adjacent to site
Element
Detail
Property Type
Class B+ Garden-Style Multifamily
Address
1200 Halsey Dr., Leander, TX 78641
MSA
Austin–Round Rock–Georgetown
Delivery
Ground-Up New Construction
Project Status
Proposed · Raising Construction Capital
Total Project Cost
$42,000,000
In-Unit Features
Private balcony or patio
Central air conditioning
Ceiling fans throughout
Granite countertops (select units)
Luxury vinyl plank flooring
Breakfast bar
Black appliance package
Dishwasher
Pantry (select units)
Walk-in closets
Washer & dryer connections (select units)
Extra in-unit storage
Community Amenities
Resort-style swimming pool
Fully landscaped grounds
On-site laundry facility
On-site maintenance team
On-call maintenance (24/7)
Copy & fax services
Proximity to Benbrook Park — walking & recreation
Fitness center (planned)
Clubhouse & outdoor gathering spaces (planned)
Market & Demand Drivers
Austin MSA Rank
Top-3
Fastest-growing US metros
Leander Economic Pipeline
$1B+
Announced near-term projects
Texas Tax Regime
No state income tax
Operating margin friendly
Site Amenity Base
Benbrook Park
Adjacent to property
Leander — Austin's Fastest-Growing Suburb
Leander has captured some of Austin's most ambitious private-investment announcements over the past several years — including the Leander Springs $1B mixed-use development (78-acre lagoon-anchored project), the Leander Tech Park by St. John Properties, the Hero Way West industrial flex, and Heritage Grove (600,000 SF EastGroup facility). Endeavor Real Estate Group, Topo ($48M mixed-use), and National Aero Stands have all announced anchor projects — creating durable employment demand that sustains multifamily absorption.
Austin MSA & Suburban Growth Corridor
Austin is home to the largest tech-employer base in Texas (Apple, Meta, Google, Oracle, Tesla, Samsung). Leander sits in the fastest-growing residential corridor, anchored by the 183A / Hwy 29 / Ronald Reagan Blvd interchange. Cedar Park / Round Rock adjacency pushes spillover demand into Leander as those submarkets have priced up, pushing renter households outward into undersupplied suburban alternatives.
Why This Submarket Specifically
The site's combination of MSA-wide growth tailwinds, submarket-specific investment pipeline, and immediate natural-amenity proximity (Benbrook Park adjacency) creates defensible rental positioning that is rare for a new-build multifamily asset at this cost basis.
Investment Structure & Security
LP Equity Structure
Senior construction debt (~65% LTC) plus accredited-investor LP equity (~30%) plus sponsor co-invest (~5%). LP equity entry at $50K minimum with pari-passu treatment through the waterfall. Eligible for accredited investors only. Sponsor (Trinity Realty) co-invests to align incentives.
Multi-Layer Security
① Real property collateral — 200-unit garden-style multifamily on entitled Leander site
② Sponsor co-invest — Trinity Realty capital at risk alongside LPs
③ Construction contingency reserve — 5–8% of project budget for cost overruns
④ Lease-up operating reserve — covers carrying costs during ramp to stabilisation
Project Cost$42,000,000
Minimum Investment$50,000
Target IRR20.00%
Target ROI (5-year)125%
Target Cash Flow (Stabilised)10%
Hold Period5 years (target)
Exit StrategySale or refinance at stabilisation
Investor EligibilityAccredited investors
Why These Terms Pencil
Ground-up Class B+ multifamily in a high-growth Austin suburb with Benbrook Park adjacency underwrites to 20% IRR via three levers: (1) construction yield-on-cost spread captured at delivery, (2) 3–4% annual rent escalation compounding over the 5-year hold, and (3) sale or refinance at stabilisation into a cap-rate environment normalised for Texas garden-style Class B+ product.
Leadership Team
🏗️
Murugan Vadivel
Managing Director · Trinity Realty
25+ years of experience in IT and Business consulting for the Pharma industry. Active accredited investor in U.S. commercial and residential real estate; managing $200M+ AUM portfolio. General sponsor in multifamily projects covering 1,000+ doors in the U.S., passively invested in 15+ multifamily syndications over 10+ years, with residential investments internationally for 20+ years. Responsible for site acquisition, entitlements, construction oversight, lease-up, and asset management through the 5-year hold.
🏢
Trinity Realty — Sponsor
96 Raymound Blvd, Parsippany, NJ
Dynamic real-estate firm specialising in acquiring and developing A and B-class apartment complexes, student housing, self-storage, and vacation rental properties in high-quality markets nationwide. Trinity co-invests in every project to align long-term incentives with LP investors. Contact: 201-315-2225 · trinityrealty.biz.
🔗
WelcomeLend — Capital Advisor
Deal Preview + Placement
Commercial real-estate capital advisor that has closed $3B+ in transactions across multifamily, mixed-use, industrial, and hospitality. Platform covers deal discovery, predictive-data capital matching, and automated underwriting. Clean incentive structure: Trinity earns developer promote, WelcomeLend earns advisor fee, LPs hold direct economic interest in property-level cash flows.
03
Performance Metrics
Value Creation · Approvals · Capital Deployment
Value Creation Pathway
Entitled Site
$5M
Land basis
Post-Construction
$42M
All-in cost basis
Lease-Up (Y3)
$45–48M
Ramping NOI value
Stabilised (Y5)
$50–54M
93%+ occupied
Base Case Exit
$54M+
NOI ÷ 5.75% cap
Approvals & Execution Timeline
Site Control
Site Under Control
1200 Halsey Dr., Leander — 200-unit Class B+ site identified and under site control.
Offering Launch
Offering Memorandum Live
Deal-preview memo published via WelcomeLend; outreach to institutional and accredited capital sources active.
Current
Raising Construction Capital
$42M raise in progress — senior construction debt + LP equity + sponsor co-invest.
Capital Close + 0–2 mo
Final Entitlements & Mobilisation
Final site-plan approval, building permits, and civil site-work mobilisation.
This document summarises the Oaks of Leander offering profile based on publicly-available project materials and the financing-platform deal-preview description. It does not constitute an offer or solicitation of an offer to buy or sell securities. All offerings are limited to accredited investors. Forward-looking statements involve risks and uncertainties; actual results may differ materially.