Updated Sep 8, 2026
Terry Suzuki Of ORIX Corporation USA Acquires Multifamily Properties In Texas And Georgia For $200M
13059 Four Star Boulevard, 2011 Texas Heritage Parkway & 925 Canterbury Road Northeast
$200,000,000
Units
1,029
Asset Type
MultiFamily
Closing
Sep 3, 2026
About this deal
AI
Three multifamily properties totaling 1,029 units have been acquired by ORIX Corporation USA in Austin, Katy, TX, and Atlanta, GA. The sale price for the acquisition was approximately $200,000,000. The properties include the 241-unit Lookout in Dripping Springs and the 365-unit Vic at Jordan Ranch in Katy, with a price per unit of $194,363.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $200,000,000
- Buyer: Terry Suzuki - ORIX Corporation USA
- Units: 1,029
- Market: Austin & Katy, TX; Atlanta, GA
ORIX Corporation USA is expanding its U.S. residential real estate portfolio through this acquisition, with plans for stabilization and targeted operational improvements at the newly acquired properties.
On the Map
$200,000,000
MultiFamily
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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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93