The StoryBuilt company, which specializes in commercial and residential properties, has recently entered voluntary receivership due to financial difficulties. As a result, their diverse portfolio of properties is now available for sale through A&G Real Estate Partners and Onyx Asset Advisors. With an estimated value of $2 billion, the offering includes a range of fully complete multifamily projects generating significant net operating income in Austin as well as partially or nearly complete projects in both Austin and Seattle.
In addition to these existing properties, there are also land parcels at various stages of approval for construction across four cities with plans for approximately 2,500 residential units. One notable property is the mixed-use “Jolene” development in Dallas (pictured), which has approvals for retail shops along with 800 apartments, condos and townhomes.
According to Mike Bergthold from court-appointed receiver Stapleton Group , this presents a rare opportunity for real estate investors to acquire not only assets but also the company’s brand and intellectual property or individual outstanding assets separately. Don’t miss out on this chance to add high-quality Texas StoryBuilt properties worth over $20 billion dollars into your investment portfolio today!
