Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase two long-duration, absolute NNN ground leases located within Mueller in Austin, Texas (each, a “Property” and collectively, the “Properties”). The offering includes AMLI North Park, a ±4.07-acre parcel improved with a newly delivered 326-unit Class-A multifamily community, and Rivette Tower, a ±3.67-acre parcel improved with a newly delivered 345-unit Class-A multifamily community, located within one of Austin’s most established and successful master-planned developments.
Each Property is subject to a 99-year, single-tenant, absolute NNN ground lease with no landlord responsibilities, providing a highly passive ownership structure. The underlying multifamily improvements were delivered in July 2025 for AMLI North Park and July 2024 for Rivette Tower, and the ground leases expire in July 2119, leaving more than 93 years of remaining term. The Properties are operated and developed by two of the most highly respected multifamily platforms in the country, AMLI Residential for AMLI North Park and Ryan Companies for Rivette Tower, providing institutional-quality sponsorship and execution. Ground rent escalates based on CPI, subject to contractual floors and caps, preserving purchasing power and providing long-term income growth across the remaining lease horizon. With vertical construction fully completed and the assets now operating on a stabilized basis, the Properties offer durable, predictable cash flow secured by best-in-class multifamily improvements.