BALLARD BUILT GOALS
Beautifully nestled along the Colorado River, Austin was originally built as the village of Waterloo in 1835 and before statehood, became the official Republic of Texas capitol in 1839, named to honor Stephen F. Austin.
With impressive growth in the 1990s, Austin has become an established home for high technology industries and offers an endless array of dynamic culture, entertainment, and sophistication. With a 21% population growth since 2010, according to the U.S. Census Bureau, Austin continues to be one of the fastest growing cities in the nation and ranks number 1 in rate of growth amidst metropolitan cities with more than 1 million people. Home to a GDP of $159 billion.
Austin is a mesmerizing city with urban charm and secure investment opportunities. Austin has a promising future of continued population growth with a projected increase of another million residents by the year 2030. (Texas Water Development Board) The median income of a household in Austin continues to increase and data shows that in 2019 the estimated household income was $71,576
BALLARD BUILT GOALS
Ballard Built deploys a multi-channel real estate. strategy designed to minimize risk and volatility and provide healthy, above market returns during all seasons.
In times of growth you can expect that we will;
1. fund the purchase of undervalued assets with a strong exit plan and an opportunistic repositioning strategy, 2. build on infill lots with emphasis on setting the expected completed construction date to best fit within a market-cycle high, 3. develop land and communities—from subdividing lots to installing basic utilities.
Ballard Built is uniquely positioned to source, analyze, and fund opportunistic housing investments across some of the fastest growing cities in the U.S. Our on-the-ground relationships and straightforward approach opens doors for unique-profitable investment opportunities.
There is a severe shortage of quality housing, so getting into these cities requires leveraging many relationships that Ballard has already developed. The reality is that new entrants to these markets face significant disadvantages and potential delays.