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AAHC partners with L & M to acquire apartments

Austin Housing Authority logoAustin Housing Authority
Disclosed value
$99,500,000
From agenda
Document date
Aug 18, 2022

The 30-second brief

What it covers

Austin Affordable Housing Corporation (AAHC) partners with L & M Development Partners to purchase Bell Steiner Apartments for $99,500,000. L & M will invest $30,000,000, and CBRE Capital Markets will provide a Freddie Mac loan not exceeding $38,000,000.

Who holds it

L & M Development holds this acquisition contract with Austin Housing Authority. Its other public contracts on record include work for New Jersey Housing and Mortgage Finance Agency.

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Contract details

Contract type
Acquisition
Amount
$99,500,000
Document date
August 18, 2022
Term
NA
Vendor
L & M Development
Agency
Austin Housing Authority
Source document
austin-housing-authority-agenda-pathways-rosewood-alister-balcones-acquisitions-aug-18-2022_7f1.pdf (Agenda)

L & M Development's other public contracts

New Jersey Housing and Mortgage Finance Agency, New JerseyDeclaration of intent approved for L & M Development Partners · Dec 11, 2025UndisclosedAustin Housing Authority, TexasAAHC acquires Bell Steiner Apartments for $99.5M · Jul 21, 2022$99.5MAustin Housing Authority, TexasHACA approves Aspect Apartments acquisition · Apr 21, 2022$87MAustin Housing Authority, TexasAAHC partners with L & M to buy The Aspect · Apr 21, 2022

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Questions about this contract

Who was awarded the acquisition contract by Austin Housing Authority?

L & M Development was awarded this acquisition contract by Austin Housing Authority, as recorded on August 18, 2022. The contract value is $99,500,000.

How much is the L & M Development contract with Austin Housing Authority worth?

The L & M Development contract with Austin Housing Authority is valued at $99,500,000, covering acquisition work.

What type of contract is this?

This is a Acquisition contract, documented as a agenda record.

Where was this contract approved?

This contract appears in austin-housing-authority-agenda-pathways-rosewood-alister-balcones-acquisitions-aug-18-2022_7f1.pdf (Agenda), dated August 18, 2022 from Austin Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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Explore Austin Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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