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By Justin Sayers – Austin Business Journal

One of Minnesota’s fastest-growing real estate developers is jumping into the Lone Star State with a 300-unit affordable housing complex in Hutto — with more projects potentially on the way for Central and North Texas, and the rest of the country.

Roers Companies is building the three-story complex, tentatively named The Narrows Apartments, on 16 acres near Farley Middle School. The complex will be for those making up to 60% of Williamson County’s area median income, which is $98,000, according to data collected by Fannie Mae.

Shane LaFave, Roers’ director of development, said the company typically targets suburban parts of fast-growing regions with good economic indicators, and “Austin is certainly one of those places.” The company’s mission is to provide quality, affordable projects amid growing concerns about housing prices in big cities around the country.

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Sairam Kota

Sairam is an experienced multifamily deal sponsor and asset manager for 738 units, a key principal in 332 units and limited partner in 1000 units. He has a strong experience in asset management, property reposition, income generation, implementing operational efficiencies and cost reduction. Sairam is a licensed Real Estate Broker in the state of Texas. He is a successful IT Consultant with 20+ years of experience in corporate America.