C
anyon Partners Real Estate and Gilbane Development Company have partnered to develop Aer, a 375-unit Class A multifamily project in Austin's South Lamar submarket. The site is situated along South Lamar Boulevard, offering easy access to retail, restaurants, parks, and hiking trails, as well as major highways connecting the city and surrounding suburbs.

    "Aer presents an attractive development opportunity in a high-demand area with limited new supply," said Adam Moore, Vice President of Development at Gilbane. "We're excited to bring this eight-story podium building to South Lamar, meeting the growing need for quality rental housing in Austin."

    This investment marks Canyon's fourth project in the Austin area over the past five years and continues its active presence in Texas, where it has capitalized approximately $2 billion in total projects across all asset types since inception.