Legacy Partners & Bridge Investment Unveil 483-Unit Multifamily Property in Austin

Legacy Partners and Bridge Investment Group have completed the construction of Camber Ranch, a 483-unit multifamily property located in Austin, Texas. The development involved collaboration with design company Humphreys & Partners and construction management firm Peritia Partners.

Property Overview

Camber Ranch spans 35 acres and comprises 22 buildings. It offers a variety of studio, one-, two-, and three-bedroom apartments ranging from 438 to 1,487 square feet. The units are equipped with modern amenities including kitchen islands, smart-home systems, and soaking tubs in select apartments. The community features numerous amenities such as pools, a fitness center, an e-sports area, a podcasting studio, a bicycle repair shop, a clubhouse, coworking space, and a dog park.

Location

Located at 5005 E. Parmer Lane Manor, Camber Ranch is conveniently situated near major highways, including Texas State Highway 130 and U.S. Route 290. Downtown Austin is approximately 13 miles away, and the property is within close proximity to major employers such as Samsung and Dell, as well as Ascension Medical Center and Tesla. Various dining and retail options are available nearby along East Parmer Lane.

Investment and Development

The total investment in Camber Ranch amounts to $64 million, as indicated by information on Peritia’s website. Legacy Partners has a significant multifamily development portfolio in Texas, exceeding 2,000 units. Additionally, the company recently completed the first phase of Merit, a two-phase development in the Dallas-Fort Worth area.

Camber Ranch represents a substantial investment in the Austin multifamily housing market, offering modern amenities and convenient access to major employers and transportation routes. Legacy Partners continues to expand its presence in Texas through strategic development projects like Camber Ranch and Merit.