So-called micro-investing in private real estate is an increasingly accessible option for investors looking to diversify ...
44 East – Austin’s deadline was July 22, 2020
Follow the company to stay updated on their progress, including future investment opportunities
A study in urban sophistication, 44 East Ave, a 49-story, 322-unit residential condominium has been designed to make the most of the unique location and to fully capture the spectacular views of Lady Bird Lake and downtown Austin — a bridge between the natural environment and the city. Every detail of each floor plan has been carefully considered and designed to take advantage of the expansive view from each home.
A multitude of gathering spaces comprise over 13,000 square feet of beautiful common areas and amenity spaces, all designed by award-winning architect Michael Hsu Office of Architecture. Outside, “green” exterior walls and massive heritage trees blend seamlessly with the lake, park, and Austin’s downtown.
The lobby is highlighted by the glass atrium which amplifies the neighboring park, water, and urban settings.
* All images are renderings
Unit #2211, a 768 square foot, one bedroom, one bath apartment with South-facing views of Lady Bird Lake.
The kitchen includes premium Bosch appliances with Itakraft millwork and cabinetry that is both elegant and more efficient than is typically found in condominium homes.
The elegant bathroom includes engineered stone tile blanketing the walls and floor.
* All images are renderings.
Compound is the easy way to build a diversified portfolio of beautiful apartments in some of the world's best cities. Compound slices each apartment into 100,000 equity interests so investors can realize the economic benefits of ownership without the hassles and headaches. Receive potential dividends from rental income and build wealth through potential appreciation.
On January 7th, 2020 we entered into a purchase and sale agreement to acquire unit 2211 for $570,750. We have estimated a total capitalization for the acquisition to be $645,000 which includes closing costs associated with the purchase of the property, offering costs, (for this offering and potentially other equity offerings), fees paid to Republic, and operating and capital reserves. In the event that we have overestimated the total capital required, we intend to distribute any excess capital to investors. The closing of the acquisition is expected to take place in the Fall of 2021.
Following the completion of the purchase and sale, we intend to lease the apartment and operate as a traditional rental unit. Once the property is rented, we intend to make semi-annual dividend payments based on cash available.
* All financial figures are estimates only. These estimates are not based on actual investment results and are not guaranteed of future results.
We intend to hold the property for a period of 3-5 years after we complete the acquisition. Total return on investment will consist of a combination of current income that will be received during the time we hold this property and capital appreciation that may be realized when we sell the property.
Please refer to the FAQs for more information about return estimates.
44 East Avenue, Austin, Texas
Austin is the "Live Music Capital of the World", the capital of Texas and also the home of the University of Texas at Austin. Over the past 25 years, Austin has emerged as a center for technology and business. A number of Fortune 500 companies have headquarters or regional offices in Austin, including Amazon, Apple, Google, and Whole Foods Market. Dell's worldwide headquarters is located in the nearby suburb of Round Rock.
Inc.'s recently published “50 Best U.S. Cities for Starting a Business in 2020,” Austin topped the charts at number one (which surprised nobody). Rankings considered a number of factors, including job creation, early-stage funding deals, and population growth, among other indicators.
It isn't just the corporate and startup types who love Austin, but plenty of celebrities are choosing to make Austin their homes, too. Matthew McConaughey, Ciara, Owen Wilson, Sandra Bullock, Lance Armstrong, Andy Roddick and Elijah Wood are long-time residents.
The Rainey Street Historic District is a neighborhood of historic homes, many of them bungalow style, in downtown Austin. Rainey Street is lined with craftsman houses that are actually bars, string-light covered patios, food trucks, craft cocktails, and a constant stream of people looking to party.
But fear not, Rainey Street has definitely not lost its charm; homey bungalows and fairy lights line the patios. This area embodies the ideal combination; giving you neighborhood feels and an itch to party all at the same time.
Home values in Austin have appreciated by 63.8% over the past 10 years including 4.2% over the past year.
* Zillow Home Value Index (ZHVI): A smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. Based on data as of 4/30/2020.
Rental rates in Austin have appreciated by 13.1% over the past 5 years including 2.2% over the past year.
*Zillow Observed Rent Index (ZORI): A smoothed measure of the typical observed market rate rent across a given region. Based on data as of 4/30/2020.
The smallest investment amount
that 44 East – Austin is accepting.
The largest investment amount that 44 East – Austin is accepting.
$64.5K – $193.5K
44 East – Austin needs to raise
$64.5K before the deadline.
The maximum amount 44 East – Austin
is willing to raise is
This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered broker-dealer. OpenDeal Inc. does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation.
All funding-portal activities are conducted by OpenDeal Portal LLC doing business as Republic, a funding portal which is registered with the US Securities and Exchange Commission (SEC) as a funding portal (Portal) and is a member of the Financial Industry Regulatory Authority (FINRA). OpenDeal Portal LLC is located at 149 E 23rd St #2001, New York, NY 10010, please check out background on FINRA’s Funding Portal page.
All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 1345 Avenue of the Americas, 15th Floor, New York, NY 10105, please check our background on FINRA’s BrokerCheck.
Certain pages discussing the mechanics and providing educational materials regarding regulation crowdfunding offerings may refer to OpenDeal Broker LLC and OpenDeal Portal LLC collectively as “Republic”, solely for explanatory purposes.
Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC make investment recommendations and no communication, through this Site or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. Investment opportunities posted on this Site are private placements of securities that are not publicly traded, involve a high degree of risk, may lose value, are subject to holding period requirements and are intended for investors who do not need a liquid investment. Past performance is not indicative of future results. Investors must be able to afford the loss of their entire investment. Only qualified investors, which may be restricted to only Accredited Investors or non-U.S. persons, may invest in offerings hosted by OpenDeal Broker.
Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC, nor any of their officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site or the use of information on this site. Offers to sell securities can only be made through official offering documents that contain important information about the investment and the issuers, including risks. Investors should carefully read the offering documents. Investors should conduct their own due diligence and are encouraged to consult with their tax, legal and financial advisors.
Investors should verify any issuer information they consider important before making an investment.
Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.
Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.