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By Elise Murray

Thompson Realty Capital and Trez Capital are teaming up once again, this time to develop a $100 million apartment project about 30 miles north of downtown Austin, Texas, in Liberty Hill. The venture, in its seventh project together, broke ground on the first phase of Larkspur, a development located just north of of the fast-growing city of Leander.The garden-style complex is being developed in two phases, with Larkspur to offer 504 units upon completion.

Trez Capital is committing $33.3 million toward the project, and called the development a “key addition” to the company’s new development fund, the Trez Capital Private Real Estate Fund Trust, in a release. Launched in August, the fund is expected to invest in more than $1 billion of projects by 2023, according to management.

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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.