Areté Collective
Thomas Ranch
Transaction Details
Project Name
Thomas Ranch
Developer
Areté Collective
Bond Type
Capital Appreciation Bond
Reserve Fund
$2.5MM
Yield
6.4%
Coupon Rate
6.5%
Total Par Amount
$106.487MM
Net Proceeds
$103.0MM
Maturity Date
12/1/2034
Impact Summary & Project Overview
Thomas Ranch is a 2,200-acre regenerative master-planned community by Areté Collective, located in the Texas Hill Country just 30 miles from Downtown Austin with over 2 miles of river frontage. At full build-out, the community will feature 1,732 rental units and 1,767 for-sale residential units, along with over 400,000 square feet of commercial uses including a highly walkable downtown district with retail, dining, and cultural experiences.
Other Transactions
LGI Homes, Inc.
LGI Homes Projects
-
Total Par Amount
$68.4MM
-
Net Proceeds
$66.33MM
City, Texas
Multiple Texas Markets
Bond Structure
Capital Appreciation Bond (CAB)
Impact Statement
Big Sky Estates, Colson Ranch, Park Vista @ El Tesoro, Lago Mar, Pinewood Trails, and Sweetwater Ridge
Provident Communities
Goodland Development
-
Total Par Amount
$54.65MM
-
Net Proceeds
$52.5MM
Starwood Land
Sunterra Lakes
-
Total Par Amount
$98.5 MM
-
Net Proceeds
$95.0 MM