January 21, 2022

Argosy Real Estate Partners Acquires Site for the Development of a Single Family Build-for-Rent Project in Pflugerville, TX

We are pleased to announce that Argosy Real Estate Partners, in partnership with Bowtruss Real Estate, has acquired an approximately 17-acre site in Pflugerville, TX for the ground-up development of a 192-unit single family build-for-rent community.  Pflugerville is located in Northeast Austin, within 18 miles of Downtown Austin.  Austin has been one of the fastest-growing cities in the United States since 2010 and was recently ranked the No. 1 job market in the United States by The Wall Street Journal.

Upon completion, the project will feature a mix of two-story single-family detached homes and two-story townhome-style fourplexes.  The project will include a mix of two-bedroom and three-bedroom homes.  Each home will include a washer and dryer, attached garage, stone countertops, stainless steel appliances, walk-in closets, gated backyards, and smart home technology packages.  The project will also have common area amenities including a resort style pool, fitness center, clubhouse, barbeque area, game lawn, and dog park.  The project will offer residents convenient access to major employers, including Dell, Samsung, and Apple, among others.

Argosy’s development partner, Bowtruss Real Estate, is a real estate company focused primarily on the development, acquisition, and asset management of multifamily and mixed-use properties.