Investment Summary

StoryBuilt is pleased to offer the opportunity to invest up to $15,000,000 into five communities currently being developed by PSW Real Estate, LLC and PSW Urban Homes, LLC. The investment targets more than a 20% annualized return via a revenue-sharing cash flow stream from the close-out of the communities.

Market Highlights

The landscape of Texas real estate is changing quickly. Austin is a recent landing spot for Tesla, BAE Systems, Apple, Dell Medical School. Austin and Dallas/Fort Worth are attracting home buyers looking to make a new start outside of San Francisco, Los Angeles, and New York. These changes happening now pave the way for the projected population growth by 24 million in 2050.

1 Estimation, subject to change
2 As of ‘Q2 2021
3 Assuming the same patten of migration between 2000-2010, Texas Demographic Center

- closed to new subscriptions -

OFFERING SIZE
$15,000,000
(100% subscribed)

MINIMUM INVESTMENT
$100,000

SUITABILITY STANDARDS
Accredited Investors

TERMS
6% Preferred / 20% Annualized Return1
12-18 Months

SALES
121 / 140 homes in contract2
86% in contract / 14% remaining

Financial Summary

Updated: 31 August 2021 | 11:00am CST

Project - HomesTotalFrank. WestLucy.North Bluff 3MeridianLuma
Sold1211627331629
Unsold1913---6
Closed346--1117
Project - RevenueTotalFrank. WestLucy.North Bluff 3MeridianLuma
Sold$61,743,104$15,626,660$14,085,405$12,290,411$6,874,338$12,865,290
Unsold$25,425,850$22,661,800---$2,764,000
Closed$18,690,600$6,566,900--$4,667,700$7,456,000

Sales & Closings

  • 5 units went under contract at Luma and Frank West
  • 30 units closed at Luma, Meridian, and Frank West

 



Frank. West
Lucy.
North Bluff 3
Meridian
Luma

AUSTIN – Frank. West

Site: 900 S 2nd St, Austin, TX 78704
A community of 23 single-family homes and 7 townhomes set in a grove of mature live oaks. Located just west from our successful Frank. Condo project in central south Austin.


UPDATES

Updated: 30 July 2021 | 3:00pm CST

  • All Townhomes (units 24-30) sold and closed in ‘Q2
  • Additional units are scheduled to begin closing in late ‘Q3/early ‘Q4
  • Common area amenities have started to be installed or completed including landscaping, mailboxes, decks.
  • Vertical construction for units 18-23 scheduled to begin in mid to late ‘Q3
  • Remaining unsold units that were taken off MLS to maximize market value will be rereleased in phases starting late ‘Q3/early ‘Q4

AUSTIN – Lucy.

Site: 3412 Pennsylvania Ave, Austin, TX 78721

27 cottage style single-family homes and a community pool in rapidly growing east Austin. Designed to attract young families and professionals to this eclectic and creative area.


UPDATES

Updated: 30 July 2021 | 3:00pm CST

  • Check out the construction blog for updates.
  • We anticipate to start closings in late Q3 2021* with a closeout target of late Q1 2022*.

*Subject to material shortages and deliveries


 

AUSTIN – North Bluff 3

Site: 814 N. Bluff Dr, Austin, TX 78745

The third and final piece in our North Bluff communities. 1 & 2 have sold out. North Bluff 3 is 33 single-family and townhomes with attractive amenities including a private dog park and greenspace. Just 7 miles from downtown Austin.


UPDATES

Updated: 30 July 2021 | 3:00pm CST

  • Check out the construction blog for updates.
  • We anticipate to start closings in late Q3 2021* with a closeout target of late Q1 2022*.

*Subject to material shortages and deliveries


DALLAS – Meridian

Site: 1229 Clifftop Lane, Dallas, TX 75208

53 clifftop homes in trendy West Dallas. Amazing downtown views. Close to the expanding Trinity River Corridor Project’s hike/bike trails, restaurants and food trucks, and ever-changing neighborhood events.


UPDATES

Updated: 30 July 2021 | 3:00pm CST

  • Check out the construction blog for updates.
  • All units are closed or now under contract. There are 5 units currently under contract. The expected closing date for these are ‘Q4 2021.

 

SAN ANTONIO – Luma

Site: 102 Tendick Street, San Antonio, TX 78209

43 townhomes in the highly walkable Mahncke Park neighborhood. 1 mile from the beloved Pearl district and 3 miles from downtown. Our architecture team tailored the site for indoor and outdoor living by including a central community greenspace.


UPDATES

Updated: 30 July 2021 | 3:00pm CST

  • All buildings have started framing.
  • Buildings 1-3, 8-9 are complete and closed out.
  • Building 7 is to close this quarter (‘Q3 2021).
  • Buildings 4-6 are forecasted to close throughout ‘Q4 2021.