AUSTIN, TX – Stratus Properties announced that it has completed construction financing for the development of The Saint George, a 316-unit luxury wrap-style multi-family project to be constructed in north-central Austin on Burnet Road.
The Saint George project is located within minutes of the University of Texas, downtown employers, Apple Inc. s new North Austin campus, the Q2 Stadium-home to Austin s major league soccer team Austin FC-and The Domain, an upscale retail, office and residential center with more than 100 stores and restaurants. Construction is expected to commence later this month.
William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, We are pleased to announce that we have obtained construction financing for The Saint George, another Stratus multi-family project, located in the rapidly growing Burnet corridor in north-central Austin. The Saint George will be a high-quality addition to our portfolio, ultimately adding value to our leasing operations. After project stabilization, we look forward to considering monetization opportunities for this property.
The project is owned by The Saint George Apartments, L.P., a Texas limited partnership and a Stratus subsidiary. The construction financing consists of a four-year construction loan from Comerica Bank to the limited partnership in the amount of $56.8 million, which is secured by the project. Stratus provided a completion guaranty and twenty-five percent repayment guaranty, which will be eliminated once the project meets specified conditions. The remaining estimated project costs are being funded by equity contributed to the limited partnership by Stratus (10%) and an unrelated equity investor (90%). Stratus will also earn development fees and management fees on the project.
Stratus currently expects to achieve substantial completion of The Saint George by mid-2024. Amenities will include a rooftop deck, fitness center, resort pool, bike room and community workspaces. Stratus has entered into a voluntary restrictive covenant to offer 10 percent of total units as affordable units. The project will be built consistent with Stratus sustainability, wellness and conservation goals.

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KILLEEN, TX – Venterra Realty recently bought the Keystone Apartments, a community located in Killeen, Texas. The 212-unit multi-family community offers modern one- and two-bedroom garden-style residences that range from 479 – 916 square feet in six unique floor plans. The apartments feature open concept layouts, private outdoor space, bay windows, vinyl wood flooring, eat-in kitchens, and outdoor storage closets. Located in the Killeen-Temple market along Interstate-35, the area is strategically located between Austin and Dallas/Fort Worth and is within 180 of all 4 large Texas markets (Houston, Dallas/Fort Worth, San Antonio and Austin). Just minutes to I-14 the property is easily accessible to the area’s major employer in Killeen, Fort Hood, a United States Army base that employs 37,000 active-duty military personnel and civilians.
Venterra will complete a unit upgrade program and implement its resident-focused programs such as the Live it. Like it. Guarantee., the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen brilliant growth in the Killeen area, and are excited to expand our Texas portfolio with the addition of Keystone,” said John Foresi, CEO of Venterra Realty. “Venterra has become known as a company that is committed to providing a market-class living experience, and we look forward to identifying opportunities to further enhance the standard of living at Keystone by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

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MIAMI, FL – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of Miro Brickell, a 372-unit, Class A multifamily property in the Brickell neighborhood of Miami, for $184.5 million. The acquisition marks the seventh property currently under HGI’s ownership in Miami-Dade County, spanning more than 1,500 units.
Miro Brickell’s central location offers convenient access to various employment and entertainment centers throughout Miami. The property is located minutes away from I-95 and Brickell’s Metrorail and Metromover stations, connecting residents to Downtown Miami, Downtown Doral and Miami International Airport.
As Miami experiences a boom of corporate relocations, Miro Brickell is walkable to more than 8 million square feet of office space. Several financial and technology providers have relocated to the neighborhood, attracting new residents to the area, including Microsoft, Apollo Global Management, Millennium Management and Citadel, which recently announced plans to go its global headquarters to Brickell.
“Miami is a priority market for HGI given its long-term multifamily fundamentals driven by corporate expansions and in-migration trends, leading to strong investment opportunities,” said Richard Litton, President, HGI. “As a long-time investor in the region, we will use our deep market knowledge to capitalize on leasing demand in the area and enhance efficiencies at the property.”
Built in 2017, Miro Brickell’s amenities include outdoor electric grills, cabanas and a resort-style pool. Individual units include balconies and are equipped with stainless steel appliances, energy-efficient washers and dryers and modern finishes.
HGI has been an active investor in South Florida, recently acquiring ParkLine Miami, two luxury apartment towers in Downtown Miami.

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