Berkadia successfully arranged a debt and equity refinancing for The Conley, a 259-unit apartment community in Leander, Texas, catering to the growing demand for multifamily housing in the Austin metropolitan area.

Information on the Target

The Conley is a modern 259-unit apartment community located in Leander, a suburb of Austin, Texas. Built in 2020, the property features a variety of thoughtfully designed living options, including one-, two-, and three-bedroom apartments, characterized by 10-foot ceilings, high-end appliances, and stylish interior finishes.

Residents of The Conley enjoy a range of resort-style amenities, such as a sparkling swimming pool, a 24-hour fitness center, a resident lounge with a coffee bar, co-working spaces, and a pet park. The community is strategically located just 40 minutes north of downtown Austin and offers convenient access to the emerging Northline district, which boasts premium shopping and dining alongside several nearby parks and recreational areas.

Industry Overview in the Target’s Specific Country

The multifamily real estate sector in the United States, particularly in metropolitan areas like Austin, has shown resilience and growth in recent years despite a rapidly