Viking Capital presents Villas at Sundance, a 252-unit, first-generation multifamily asset built in 2012. This asset is located in New Braunfels, Texas, in the Texas Innovation Corridor along Interstate 35 between Austin and San Antonio. New Braunfels is the “Third Fastest Growing City in the Country,” with a population growth of nearly 40% in five years. The city’s growth is driven by new major employers, entertainment centers, and tourism. The New Braunfels submarket has the highest occupancy in the Austin-San Antonio MSA.
This deal benefits from robust tenant demand due to population growth and a low-cost basis. With minimal new supply expected, Viking Capital secured this asset at a substantial discount, positioning this property as an exceptional investment opportunity.
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