AUSTIN–Regional real estate investment experts have banned together to start Inner 10 Capital, a real estate private equity firm and sister company to Inner 10 Development. The firm will focus on high-yield urban development projects in Austin's top 10 zip codes.
“There is increasing worldwide interest in investing in Austin's incredible economy and real estate market and many opportunities for success,” says Bryan Hancock, managing partner of Inner 10 Capital and Inner 10 Development, in a statement. “We've put this new company together to offer investors strategic opportunities based on best practices and our deep understanding of the region.”
Inner 10 Capital plans to raise $25 million in funds and to develop more than 20 new local residential projects this year.
“Leveraging our deep roots in the region and our data-driven model, Inner 10 Capital is well positioned to enable investors to take advantage of the Austin real estate market without the complexity of owning or managing assets,” Hancock says.
Identifying projects will be done through analytics-based assessment process and predictive modeling methodology, and conducted by John Prior, a data scientist who is also part of the team. John Blackman also joins the team as operations manager.
Inner 10 Development was founded in 2012 with a focus on development and sales of modern residential properties in Central Austin.
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