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<\/a><\/a>\n\u201cSanara is designed for families seeking attainable rents in well-connected neighborhoods, a demographic that is often underserved in today\u2019s market,\u201d said Max Whipple, Vice President of Development at The NRP Group<\/b>. \u201cBy prioritizing curated amenities and high quality finishes in a thriving commercial corridor, we are creating housing that better reflects how people live today. Through our partnership with Travis County, we are delivering modern, well-designed homes where families can thrive and grow alongside the community for decades to come.\u201d<\/p>
\nThis project marks The NRP Group\u2019s first tax credit partnership with the Housing Authority of Travis County and its third collaboration overall with the agency, building on prior developments in the region. The partnership reflects a shared commitment to expanding affordable housing options in high-growth areas across the county.<\/p>
\nLocated at 4401 E. Slaughter Lane, the development will span 13 three-story residential buildings across a 56-acre site, with approximately 18 acres dedicated to residential use. The remaining land, designated as floodplain, will be dedicated to the City of Austin Parks Department and is planned to connect to a broader network of trails across East Austin.<\/p>
\nSituated less than 10 minutes from Interstate 35 and approximately 15 minutes from State Highway 130, the new development will offer residents convenient access to major employment hubs, including Tesla\u2019s Gigafactory and Samsung\u2019s semiconductor facilities. The surrounding area continues to grow, with a range of retail centers, grocery options, schools and other neighborhood-serving uses nearby, including Southpark Meadows, a shopping center less than 10 minutes away. Additional commercial development is underway along the East Slaughter Lane corridor, further expanding access to everyday amenities.<\/p>
\n\u201cExpanding access to affordable housing in high-growth areas like Southeast Austin is critical to ensuring that working families are not priced out of opportunity,\u201d said Patrick Howard, Executive Director & CEO of The Housing Authority of Travis County. <\/b>\u201cSanara reflects our continued partnership with The NRP Group to deliver housing that is not only attainable, but thoughtfully designed to support long-term stability and quality of life for residents. This community will help meet growing demand across Travis County while connecting residents to nearby jobs, services and everyday amenities.\u201d<\/p>
\nSanara\u2019s unit mix is intentionally weighted toward family-oriented floorplans, with more than 60 percent of residences offering three- and four-bedroom layouts. Apartment homes include 12 one-bedroom units, 120 two-bedroom units, 144 three-bedroom units and 72 four-bedroom units, reflecting a focus on families and multigenerational households.<\/p>
\nResidence interiors will feature stainless steel appliances, granite countertops, modern cabinetry, vinyl plank flooring and walk-in closets in all units, complemented by Energy Star appliances. Residents will have access to a 24-hour fitness center, business center with coworking space, clubhouse with a lounge and community kitchen, outdoor pool with lounge seating, children\u2019s activity center and on-site playground. Tailored on-site resident programs will include after-school care, financial literacy courses, ESL classes, first-time homebuyer programs and more, all offered at no cost to residents.<\/p>
\nThe development is supported by tax credit equity from MetLife Investment Management, with the tax credits syndicated by Redstone Equity Partners. Construction and permanent financing is being provided by PIMCO and arranged by Berkadia. Safehold is also participating as a ground lessor, marking the first use of its ground lease structure for an affordable multifamily development in Texas.<\/p>
\n\u201cWe\u2019re pleased to partner with The NRP Group on Sanara as we continue to expand our affordable housing platform in Texas,\u201d said Steve Wylder, Safehold\u2019s Head of Investments.<\/b> \u201cAs affordability pressures persist, our focus is on providing long-term, low-cost ground lease capital that helps experienced developers move projects forward. This investment underscores our commitment to supporting the delivery of high-quality affordable housing at scale across growing markets.\u201d<\/p>
\nConstruction of Sanara is now underway with first units anticipated in April 2027.<\/p>
\nAbout The NRP Group<\/b><\/p>
\nThe NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 68,000 apartment homes and currently manages over 33,000 residential units.<\/p>
\nThrough its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company\u2019s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.<\/p>
\nThe NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC \u201cTop 50\u201d lists, the Top 5 on the Multi-Housing News\u2019 \u201cTop Multifamily Developers\u201d list, named a Top Affordable Housing Developer by Affordable Housing Finance, and is a five-time recipient of NAHB\u2019s Best Multifamily Development Firm of the Year award. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com<\/a>.<\/p>