Bobby Turner Of Turner Impact Capital Acquires 222-Unit Multifamily Asset In Austin
300 Ferguson Drive
Units
222
Asset Type
MultiFamily
Closing
Jul 22, 2025
AI
The property asset involved in the transaction is a multifamily community known as Lotus Village, consisting of 222 units situated on 8 acres at 300 Ferguson Drive in Austin. The deal signifies the continued investment in workforce housing within a growing market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 222
- Acres: 8
- Address: 300 Ferguson Drive
- Market: Austin
- Buyer: Bobby Turner - Turner Impact Capital
Bobby Turner represents Turner Impact Capital in this transaction, marking the seventh acquisition by its Multifamily Impact Fund III within a year. The purchase supports the goal of preserving affordable housing in an area having high demand for such properties.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93