The firm seeks to grow its footprint after buying a 337-unit suburban property.
Waterline will have luxury apartment homes along with office space and a hotel when completed.
Powered by strong employment and in-migration, the city is adding inventory at a rapid pace.
The company plans to deliver the first apartments in the fourth quarter of next year.
JLL Capital Markets facilitated the transaction on behalf of the seller.
LV Collective sold the newly completed property.
This marks the firm’s first project to be completed and sold since its founding in 2019.
The Leander property will include 244 homes.
Comerica Bank provided the four-year construction loan.
The community will undergo a thorough upgrade program.