Terry Suzuki Of ORIX USA Acquires 322-Unit Strata Multifamily Community In Austin From Maverick Development Group

The transaction involved a multifamily property known as Strata, which comprises 322 luxury apartment units located at 8340 Bluff Springs Road in Austin, Texas. The asset features a range of unit types including studios, one-bedroom, and two-bedroom apartments. The property was completed in 2025 and is part of the six-phase Ethos development, offering various amenities such as a gym, pool, and business lounge.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $42 million
• Buyer: Terry Suzuki - ORIX USA
• Seller: Maverick Development Group
• Lender: Franklin BSP Realty Trust

This transaction was facilitated by ORIX USA's acquisition of the property from Maverick Development Group, with Franklin BSP Realty Trust providing the financing necessary for the deal. The transaction emphasizes the continued development and investment in the Austin real estate market.