Strategic Multifamily Opportunities for Aligned, Accredited Investors
We invite accredited investors to partner with Amethyst Projects in our next multifamily acquisition, strategically located in high-growth Western and Texas secondary markets. Each opportunity is carefully underwritten with a focus on resilient fundamentals, strong upside through renovation, and superior after-tax outcomes. With our institutional-grade execution, AI-powered sourcing, and co-investment alignment, our offering is built for capital partners seeking durable returns and transparency.
Current Investments
Amethyst Projects targets value-add multifamily acquisitions in USA markets that meet our proven investment criteria:
We are actively seeking deals in Arizona and will have investments available for participation as a capital partner in the fourth quarter of 2025.
Class B/C, 20–100 units, purchase price between $2M and $15M (sweet spot $8–$10M)
Going-in cap rates of 5.5%–7%, with below-market rents or operational inefficiencies we can correct
Renovation budgets of $5K–$15K per unit to upgrade interiors and amenities, paired with improved management to boost NOI by 25–30% in 2–3 years
Population growth of 0.5%–1.5%+, diverse job base, constrained new multifamily supply, and occupancy rates typically in the low-to-mid 90% range.
Markets such as San Antonio, the Central Texas Corridor (Waco, Temple–Killeen, Bryan–College Station), and select edge markets around Austin and Dallas fit our strategy: Economic Diversity: Anchors in military, healthcare, tech, education, energy, and logistics ensure stable demand and reduce reliance on a single sector. Cap Rate Advantage: Many secondary and tertiary Texas markets still trade 100–200 basis points higher than Austin or Dallas, delivering better cash yields with room for upside if institutional capital flows in. Population & Job Growth: Cities like San Antonio grow ~1.9% annually and have absorbed recent new supply without major vacancy spikes. Limited New Supply in Key Areas: Outside the largest metros, new apartment construction is modest, maintaining high occupancy and strong landlord leverage. Strategic Edge Markets: Locations just beyond Austin and Dallas benefit from metro spillover growth while offering lower entry pricing and less competition. We believe Texas’s secondary and select tertiary markets are positioned for outsized returns—strong fundamentals, attractive pricing after the post-2024 correction, and long-term demographic tailwinds. If you are interested in co-investing with us in these upcoming opportunities, reach out to discuss how you can participate in our Q4 2025 acquisitions.
We are actively seeking deals in Texas and will have investments available for participation as a capital partner in the fourth quarter of 2025.
Class B/C, 20–100 units, purchase price between $2M and $15M (sweet spot $8–$10M).
Going-in cap rates of 5.5%–7% (or higher in tertiary markets), with below-market rents or operational inefficiencies we can improve.
Renovation budgets of $5K–$15K per unit for targeted interior and amenity upgrades, paired with operational enhancements to raise NOI by 25–30% within 2–3 years.
Steady population growth of 0.5%–1.5%+, diverse employment bases, constrained new multifamily supply, and occupancy rates in the mid-90% range.
Markets such as San Antonio, the Central Texas Corridor (Waco, Temple–Killeen, Bryan–College Station), and select edge markets around Austin and Dallas fit our strategy: Economic Diversity: Anchors in military, healthcare, tech, education, energy, and logistics ensure stable demand and reduce reliance on a single sector. Cap Rate Advantage: Many secondary and tertiary Texas markets still trade 100–200 basis points higher than Austin or Dallas, delivering better cash yields with room for upside if institutional capital flows in. Population & Job Growth: Cities like San Antonio grow ~1.9% annually and have absorbed recent new supply without major vacancy spikes. Limited New Supply in Key Areas: Outside the largest metros, new apartment construction is modest, maintaining high occupancy and strong landlord leverage. Strategic Edge Markets: Locations just beyond Austin and Dallas benefit from metro spillover growth while offering lower entry pricing and less competition. We believe Texas’s secondary and select tertiary markets are positioned for outsized returns—strong fundamentals, attractive pricing after the post-2024 correction, and long-term demographic tailwinds. If you are interested in co-investing with us in these upcoming opportunities, reach out to discuss how you can participate in our Q4 2025 acquisitions.
We are actively seeking deals in Nevada and will have investments available for participation as a capital partner in the fourth quarter of 2025.
Class B/C, 20–100 units, purchase price between $2M and $15M (sweet spot $8–$10M).
Going-in cap rates of 5.5%–7% (or higher in smaller markets), with below-market rents or operational inefficiencies we can correct
Renovation budgets of $5K–$15K per unit to enhance interiors and amenities, combined with improved management practices to boost NOI by 25–30% in 2–3 years.
Sustained 0.5%–1.5%+ annual population growth, diverse employment bases, constrained new multifamily supply, and occupancy rates often in the low-to-mid 90% range.
Markets such as San Antonio, the Central Texas Corridor (Waco, Temple–Killeen, Bryan–College Station), and select edge markets around Austin and Dallas fit our strategy: Economic Diversity: Anchors in military, healthcare, tech, education, energy, and logistics ensure stable demand and reduce reliance on a single sector. Cap Rate Advantage: Many secondary and tertiary Texas markets still trade 100–200 basis points higher than Austin or Dallas, delivering better cash yields with room for upside if institutional capital flows in. Population & Job Growth: Cities like San Antonio grow ~1.9% annually and have absorbed recent new supply without major vacancy spikes. Limited New Supply in Key Areas: Outside the largest metros, new apartment construction is modest, maintaining high occupancy and strong landlord leverage. Strategic Edge Markets: Locations just beyond Austin and Dallas benefit from metro spillover growth while offering lower entry pricing and less competition. We believe Texas’s secondary and select tertiary markets are positioned for outsized returns—strong fundamentals, attractive pricing after the post-2024 correction, and long-term demographic tailwinds. If you are interested in co-investing with us in these upcoming opportunities, reach out to discuss how you can participate in our Q4 2025 acquisitions.
