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AMLI North Park & Rivette Tower 2 Multifamily Properties in Austin, TX
Investment Highlights
- AUSTIN GROWTH FUNDAMENTALS UNDERSCORE LONG-TERM STRENGTH
- INSTITUTIONAL-GRADE GROUND LEASES BENEATH DELIVERED CLASS A MULTIFAMILY | RAPID LEASE-UP AND STABILIZATION
- LONG-TERM VALUE SUPPORTED BY HIGH-QUALITY MULTIFAMILY IMPROVEMENTS
- PREMIER LOCATION WITHIN AUSTIN’S MOST TRANSFORMATIVE MASTER PLAN
- CPI-BASED GROUND RENT INCREASES PROVIDE INFLATION-PROTECTED GROWTH
- CROSS-SECTOR APPEAL WITH INSTITUTIONAL AND NNN CAPITAL
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase two long-duration, absolute NNN ground leases located within Mueller in Austin, Texas (each, a “Property” and collectively, the “Properties”). The offering includes AMLI North Park, a ±4.07-acre parcel improved with a newly delivered 326-unit Class-A multifamily community, and Rivette Tower, a ±3.67-acre parcel improved with a newly delivered 345-unit Class-A multifamily community, located within one of Austin’s most established and successful master-planned developments.
Each Property is subject to a 99-year, single-tenant, absolute NNN ground lease with no landlord responsibilities, providing a highly passive ownership structure. The underlying multifamily improvements were delivered in July 2025 for AMLI North Park and July 2024 for Rivette Tower, and the ground leases expire in July 2119, leaving more than 93 years of remaining term. The Properties are operated and developed by two of the most highly respected multifamily platforms in the country, AMLI Residential for AMLI North Park and Ryan Companies for Rivette Tower, providing institutional-quality sponsorship and execution. Ground rent escalates based on CPI, subject to contractual floors and caps, preserving purchasing power and providing long-term income growth across the remaining lease horizon. With vertical construction fully completed and the assets now operating on a stabilized basis, the Properties offer durable, predictable cash flow secured by best-in-class multifamily improvements.
Each Property is subject to a 99-year, single-tenant, absolute NNN ground lease with no landlord responsibilities, providing a highly passive ownership structure. The underlying multifamily improvements were delivered in July 2025 for AMLI North Park and July 2024 for Rivette Tower, and the ground leases expire in July 2119, leaving more than 93 years of remaining term. The Properties are operated and developed by two of the most highly respected multifamily platforms in the country, AMLI Residential for AMLI North Park and Ryan Companies for Rivette Tower, providing institutional-quality sponsorship and execution. Ground rent escalates based on CPI, subject to contractual floors and caps, preserving purchasing power and providing long-term income growth across the remaining lease horizon. With vertical construction fully completed and the assets now operating on a stabilized basis, the Properties offer durable, predictable cash flow secured by best-in-class multifamily improvements.
Property Facts
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Active | Total Building Size | 706,449 SF |
| Number of Properties | 2 | Total Land Area | 7.74 AC |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 706,449 SF |
| Total Land Area | 7.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
AMLI North Park
2300 Aldrich St, Austin, TX 78723 |
Multifamily | 407,631 SF | 2024 | - |
|
Rivette Tower
3901 Berkman Dr, Austin, TX 78723 |
Multifamily | 298,818 SF | 2024 | - |
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AMLI North Park & Rivette Tower
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