Stabilized Asset With Booming Rent Growth: The property has maintained strong occupancy while aggressively pushing rents as evidenced by the current 97% occupancy and 98% leased figures. New leases are averaging 21% growth over prior leases, and renewals in February and March are averaging 15% growth over prior leases.

Bullish Submarket Demographics and Rental Demand: The median home price in the 78741 zip code has increased 29.5% year-over-year, creating unprecedented demand for more attainable rental options. Rent growth over the previous 12 months for the Southeast Central submarket totaled a staggering 29%, and the occupancy in the submarket is now 95%.

Strategically Positioned With Tremendous Accessibility To Austin’s Hot Spots: Array is located on Burton Drive between Riverside Drive and Oltorf Road in the burgeoning Riverside corridor. Residents at Array have quick access to I-35, which provides unmatched accessibility to the Austin Central Business District, one of Austin’s most desirable areas with unlimited nearby entertainment and dining options. Oracle’s 27-acre corporate headquarters is five minutes from Array where it operates a 560,000 square foot campus and is home to over 6,000 employees. Additional employers in the area include Austin-Bergstrom International Airport, Austin Energy, and Tokyo Electron.