Mccann Realty Breaks Ground On 303 Unit Retreat At Wolf Ranch Apartments In Georgetown (austin Msa), Texas

RICHMOND, VA, AUSTIN, TX and HOUSTON, TX – September 7, 2016 – McCann Realty Partners, LLC (“McCann”) announced it has started construction on the 303 unit Retreat at Wolf Ranch Apartments in Georgetown, Texas, a north Austin submarket. The 19-acre property is located just west of downtown Georgetown in the Wolf Ranch Master Planned Community adjacent to the 670,000 square foot Wolf Ranch Town Center. The luxury, Class A apartment project will include 2 story townhouse and 3 story walk-up buildings appointed with stone and stucco exteriors with views of the San Gabriel River and the Texas Hill Country. Amenities will include a fitness center, resort-style swimming pool, and a stand-alone clubhouse with a media center, cyber café and gourmet kitchen. Residents at Retreat at Wolf Ranch will have easy access to job centers along Interstate 35 in central Texas and in Austin, which consistently ranks among the leaders in the US for job growth. The project is scheduled to begin leasing in the third quarter of 2017 and will be managed by Pegasus Residential, LLC. McCann will act as general contractor on the project.

“We are excited to break ground on our second development project in the Austin area,” said McCann’s President, Matthew T. Akin. “We were drawn to this location because it is adjacent to Wolf Ranch Town Center and part of the Wolf Ranch Master Planned Community being developed by The Hillwood Company. Georgetown is really a great lifestyle choice for people looking to relocate." The most recent census estimates showed it is the fastest growing city in the nation with populations of 50,000 or more, with a growth rate of 7.8% for the 12- month period ending July 2015.

McCann is currently seeking new development opportunities and apartment acquisitions in the Mid-Atlantic, Southeast and Southwest. For more information regarding McCann’s search criteria in the Southwest, please contact Tre Banks, Managing Director, at (713) 239-1080. For other markets, contact Thomas Upson, VP of Acquisitions, at 804-290-8870.

About McCann Realty Partners

Headquartered in Richmond, VA with a regional office in Houston, TX, McCann Realty Partners is a real estate investment and operating company that specializes in acquisitions, development and management of multifamily communities in the Southeast, Southwest, Mid-Atlantic and adjacent regions. Since inception, McCann has acquired 28 apartment communities totaling more than 7,695 homes in transactions valued at approximately $740 million. McCann has also developed or has under development 10 communities totaling 2,991 homes with an estimated completed value of $400 million. For more information, visit www.mrpapts.com.