We are excited to share the successful closing of Allora Georgetown, now rebranded as The Magnolia at Georgetown. Magnolia is a premier, 432-unit multifamily community located in Georgetown, Texas, within the dynamic Ausin MSA, and the first asset of our recently closed Alta Fund I.
The Magnolia at Georgetown is a newly built, Class A property (2023), offering residents a blend of luxury, comfort, and convenience. With the high-end amenities, including a resort-style pool, high tech fitness equipment, and beautiful living spaces, we believe this acquisition will serve as a cornerstone investment, setting the foundation for future growth and performance within our portfolio. The acquisition exemplifies our commitment to securing high-quality, well-located assets with strong upside potential. We are confident that this property will deliver consistent value for our investors, while contributing to the overall success of Alta Fund I.
We would like to express our sincere gratitude to all our investors, our JV partner in Magnolia, the brokerage team, and friends for the continued support and trust in our team. Your confidence has enabled us to execute on our strategy to provide superior risk adjusted investor returns, and we are excited for even more opportunities ahead.
Alta is actively buying, operating, and managing in Texas and the Mountain West.
Please fee free to reach out if you have any questions or would like information regarding future opportunities.
Alta Real Estate
Jake Murray – Jake@altarepartners.com – 801-599-4356
Brennen Jones – Brennen@altarepartners.com – 801-494-7623
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Project Leader
2moWell done!