JV Building 375-unit Austin Rental Community

Canyon Partners Real Estate provided a preferred equity investment in a joint venture with Gilbane Development Company to develop Aer, a 375-unit Class A multifamily project in the South Lamar submarket of Austin, Texas.

The eight-story building will house 375 units—45 of which are affordable—in a variety of studio, one-bedroom, and two-bedroom layouts, all with balconies or patios. Amenities will include a pool, fitness center, rooftop lounge, co-working spaces, two courtyards, a clubhouse, EV charging stations, a dog wash, and bike storage, providing a complete and elevated living experience.

The project is located three miles south of downtown Austin along South Lamar Boulevard. The project is also conveniently positioned near major highways, including east-west Highway 71, north-south MoPac Expressway, and Interstate 35.

Since its inception, Canyon has capitalized $2 billion of total projects across all asset types in the state of Texas. Aer marks Canyon’s fourth investment in the Austin area over the past five years.