Austin

Austin remains the most expensive large Texas city in which to rent, with average rents of $1,437, and also recorded the largest month-over-month rent increase of 0.7%, translating to $10.

Besides the two DFW multifamily properties, Easton still owns and operates two other communities in north Austin, Legends at Lake Creek and Legends Lakeline, near the proposed $1 billion Apple campus.

Located one mile east of Interstate 35 in the new Turner's Crossing planned community, the Trendmaker property will offer 324 single-family detached homes across six sections upon buildout.

Construction is underway on a new apartment community at 801 C-Bar Ranch Trail, The Alden At Cedar Park, being developed by Slate Real Estate Partners and designed by Houston-based Meeks+Partners.

The properties in the portfolio have an average vintage of 2004, boast low vacancy rates, and offer affordable options for renters in attractive Texas and Florida markets, Starwood Capital states.

The property is located in the central business district surrounded by an abundance of restaurant, retail, entertainment and hotel options, and is a short walk to the hike and bike trail fronting Lady Bird Lake.

The building features one-, two- and three-bedroom units range from 791 square feet to nearly 1,400 square feet with rents ranging from $1,115 to $1,698. The project is currently 93% occupied.

The Dallas MSA continues to have strong demand for the foreseeable future, most notably with its addition of more than 100,000 jobs during the past year and almost 75,000 new residents in the same period.