Legacy’s current multifamily development portfolio in Texasexceeds2,000 homes
Legacy Partners, a privately held national real estate firm, and Bridge Investment Group today announced the debut of Camber Ranch, a 483-residence apartment community in Austin, Texas.
Designed by Humphreys & Partners, the community Is located in the scenic Texas Hill Country of northeast Austin at the corner of Parmer and Yager Lanes. The development includes 22 two- and three-story buildings separated by a large green belt and wetland with walking trails on 35.2 acres.
“Camber Ranch is a new luxury apartment community with a stylish modern farmhouse aesthetic in a location that can’t be beat,” said Matt Brendel, senior managing director at Legacy. “It’s a quiet setting in sought-after Northeast Austin, just minutes from the lively attractions of downtown, and with easy access to the Walnut Creek Greenbelt, I-35 & Hwy 130.”
The modern luxury apartment community, including studios and one-, two-, and three-bedroom homes ranging in size from 438 to 1,500 square feet, offers stunning views, granite and quartz countertops, stainless steel appliances, and LED lighting. Multiple homes will also include private garages. Monthly rental rates start at $1,375.
Amenities at Camber Ranch include multiple pools, a fitness center with a yoga/spin studio, outdoor grilling areas, a demonstration kitchen, an esports gaming center, podcast studios, a coworking lounge with a mix of common and private work areas, a dog park, and a bike repair shop.
Camber Ranch is the newest community from Legacy in the Texas market. Last year, Legacy delivered 880 LYN on Lake Carolyn in Las Colinas’ Urban Center and Merit opened in Lewisville. Ovation at Galatyn Park in Richardson and Rylan at Gateway in Forney are anticipated to open in 2024. Meanwhile, two new BTR home developments have just broken ground in Aubrey and Melissa.
For more information about Camber Ranch on Palmer, visit: www.camberranch.com
About Legacy Partners
Legacy Partners (Legacy), a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay Area, owns, develops, and manages multifamily communities throughout the United States. Since its inception, the company has developed or acquired more than 80,000 apartment units at more than $8.5 billion in cost. Legacy has regional offices in California, Colorado, Florida, Georgia, Texas, and Washington, and has developed more than 68,000 apartment homes in Arizona, California, Colorado, Florida, Nevada, Oregon, Texas, and Washington. Since inception, Legacy has worked with some of the world’s largest financial institutions, life insurance companies, and real estate companies, consistently delivering exceptional results. Legacy provides management services for its own portfolio, as well as other owners. Combined, Legacy manages a portfolio of more than 50 multifamily communities with almost 12,000 apartment homes, and with a gross value in excess of $3 billion. For further information, please visit www.legacypartners.com
About Bridge Investment Group
Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $49.4 billion of assets under management as of September 30, 2023. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. verticals across real estate, credit, renewable energy and secondaries strategies.
