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
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Total Par Amount
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Net Proceeds
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Bond Structure
Capital Appreciation Bond (CAB)
Impact Statement
Bitterblue, Inc.
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$23.3MM
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Bond Structure
Capital Appreciation Bond (CAB)
Impact Statement
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Capital Appreciation Bond (CAB)
Impact Statement
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