Endeavor Real Estate Group, one of the most active developers in Central Texas, is raising funds.

The Austin-based commercial real estate company has raised nearly $160 million, according to filings with the U.S. Securities and Exchange Commission, and has investor commitments that would bring that total to more than $300 million. . The funding would be used for future real estate investments.

A June 25 filing with the SEC shows Endeavor raised $141.7 from 91 investors. A second securities filing showed Endeavor had raised $17.6 million in equity from 26 investors.

Bryce Miller, co-founder and chief executive of Endeavour, said the filings do not reflect all of Endeavor’s commitments, which total more than $300 million.

“The fund’s investors are mostly individuals, and the majority of them have invested in Endeavor projects in the past,” Miller said. “This real estate fund is not unique to Endeavor and is a commonly used vehicle to raise investment funds.”

Miller said the new fund “is broadly defined and will invest in real estate assets across the United States where investors’ returns appear to adequately reflect the risk inherent in each transaction. The types of real estate in which we are able to invest in may include but not limited to land, existing assets such as offices, hotels, residences, self-storage, mixed-use, student housing, retail detail, etc., and new developments where it makes sense.”

Endeavor is currently active as an investor in Nashville, Denver, Houston, Dallas, San Diego, San Antonio, San Marcos and South and Central Texas, Miller said.

In Austin, Endeavor is known for developing large-scale projects that include The Estate, Northside Estate, Southpark Meadows, Champion Office Park, and Rollingwood Center. Endeavor also developed the Bowie mixed-use tower in downtown Austin and is under construction with partner MetLife Investment Management on a 30-story tower in the Rainey Street neighborhood called Quincy. Due to open in 2021, the Quincy will have 347 apartments, as well as office and commercial space.

Endeavor is also developing the Saltillo mixed-use project in East Austin which has attracted tenants including Google Inc., Target, Whole Foods Market, a Chuy’s Tex-Mex restaurant and more.

Just south of downtown on Lady Bird Lake, Endeavor is working on redevelopment plans for the 18.9-acre site that houses the offices of the American-Statesman newspaper. Endeavor recently unveiled initial plans for the site, which include 3.5 million square feet of new development that could include offices, residences and hotels, as well as retail and dining, a park and other public amenities. Endeavor is partnering on the proposed development with the landowner, the Cox family of Atlanta, who previously owned the newspaper.

In May, Endeavor purchased the property at 312 Barton Springs Road that has housed the Zax Restaurant & Bar for 16 years. In an interview last month, Miller said Endeavor has no immediate plans for the property.

Zax owner Jeffrey Lynd said the purchase price exceeded $4 million. The restaurant has a lease in place and “will continue to operate for the short term,” Lynd told the Statesman last month.

Previous

5 things to know about turnkey real estate investments for retirement | Real estate investments

Next

3 types of real estate investments for new investors

Check Also