Resia (formerly known as AHS Residential) announces it has closed on financing for AHS Hutto Square, a 204-unit residential community located in the city of Hutto.
Austin, Texas (May 2, 2022) — Resia (formerly known as AHS Residential) announces it has closed on financing for AHS Hutto Square, a 204-unit residential community located in the city of Hutto, which is part of Austin–Round Rock metropolitan area in Texas. Comerica Bank, the largest bank headquartered in Texas, has provided the construction loan.
“We are excited to be expanding our footprint beyond Florida and developing in the Texas market as the need for rental communities continue to be on demand,” said Carlos E. Gonzalez, chief investment officer for AHS Residential. “This is our first construction loan closing with Comerica Bank, a well-known financial services institution that focuses on relationships, and helping people and businesses be successful.”
This will be AHS Residential first project within the Austin MSA. AHS Hutto Square will contain 204 units across seven, three-story garden-style buildings. The project broke ground in January and is expected to be delivered in the second quarter of 2023.
AHS Hutto Square will offer one-, two-bedroom, and three-bedroom floor plans. Apartments will feature modern finishes, stainless steel appliances, and in-unit laundry. Built with young professionals and families in mind, AHS Hutto Square’s well-designed amenities include assigned parking, business center, and a multipurpose clubhouse complete with a swimming pool and fitness center.
AHS Residential is rapidly scaling up its development activities with the goal of delivering 8,000 new apartments annually by 2025. The company is on a mission to help solve the U.S. housing crisis by building quality apartments in growing metros where many renters are getting priced out by rising rents.
