FACILITIESPENDING

HSD Lohmans Partners LP Lake Travis ISD Letter of Intent April 2026

Lake Travis ISD Plans $5.3M Lohmans Land Purchase

$5,300,000.00Lake Travis IsdHSD LOHMANS PARTNERS LPApril 17, 2026

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Description

Lake Travis Independent School District signed a non-binding Letter of Intent with HSD Lohmans Partners LP to purchase approximately 17 acres at 1701 Lohmans Crossing Road in Austin for $5.3 million. The transaction includes an inspection and entitlements period, earnest money deposits, and a planned closing on or before August 15, 2026, subject to execution of a definitive purchase and sale agreement.

Contract Details

Contract Amount

$5,300,000.00

Vendor

HSD LOHMANS PARTNERS LP

Agency

Lake Travis Isd, TX

Contract Type

FACILITIES

Document Date

April 17, 2026

Contract Term

Inspection Period: 90 days from effective date of Letter of Intent, with one 30-day extension option; Closing on or before August 15, 2026, with one 30-day extension option

Renewal Date

2026-08-15

Renewal Info

Not a renewable contract; one-time real estate purchase with options to extend Inspection Period by 30 days for a fee and to extend Closing once by 30 days via written notice.