NEWSLETTER
Issue# 1, March 2021, Vol - I
It is that beautiful time of the year in Austin…Spring!
It is starting to look beautiful on our properties. Lot of green and spring flowers all around.
It’s not just nature that’s blooming, the Austin real estate market is blooming beyond anyone’s wildest dreams this Spring.
Inventory of homes available is down to one of the lowest ever to a mere 0.4 months.
The Average time on market went down to 31 days from 63 days, a whopping
32 days decrease.
FEBRUARY 2021 STATISTICS
These statistics are for single-family homes, condos and townhomes, compared year-over-year.
*source ABOR
Farm to Market Road 973 Update
FM973 area around our properties has experienced a tremendous amount of activity in the last four months. Sewer plans are accelerating. Pflugerville is aggressively annexing land towards Manor.
Pflugerville ISD recently purchased land for new schools. Lands with FM973 frontage are hard to come by. When they do, they are being listed at a significantly higher cost than our acquisitions on FM973. It will be interesting to see what these properties sell for!
Based on current trends, Terrenezt's properties seem poised for handsome growth in this area.
PROJECTS UPDATE
TX-Austin-Manor-CameronRoad-15Acres
In a short span of 4 months since we acquired this property, many exciting things are happening in this area. Land prices have already appreciated by at least 20% based on comparable
listings in the area.
Within just 0.8 miles, two big new projects have started by major national builders:
Taylor Morrison is building major community on Wells Branch road and started moving dirt.
Lennar started booking for homes right across the road from Taylor Morrison.
We have started the process to look at the annexation by the most favorable jurisdiction.
This is a long (18+ months) process. We will periodically update you on the progress.
TX-Austin-Manor-FM973-44Acres
As mentioned earlier in the FM973 updates, the property right next door is currently listed at
~$50,000/acre for back portions and almost $100,000/acre for a parcel with FM973 frontage.
We are watching this recent development with interest.
We are glad to announce that we have arranged with a local farmer to leave their cows on this
property for grazing. This will ensure to keep our Ag-Exempt status.
TX-Austin-Taylor-FM973-267.808Acres
As many a horse lover will tell you, horses bring out the best in you.
As one of Terrenezt’s flagship properties, this equestrian property is being transformed since
we completed the acquisition of this property. Our goal is to make this one of the premier
equestrian communities in the Austin area.
For starters we immediately secured a new five year lease to continue and grow the equestrian center. The managing team of the facility come with world-class credentials.
The number of horses boarded at the property has been increased from 9 to 17 already. We expect this number to exceed 50 by end of this year.
Get to know them in their own words!
Michael Vermaas
Michael Vermaas dream is, and always has been, to help horses and riders achieve their
potential regardless of breed or discipline. He sets himself apart as a trainer by bringing to the
table a broad base of experience and a very patient approach. He is a man of integrity and a
man with a wealth of experience, passion, and talent.
Michael’s equestrian experience is sterling. Although he is Dutch, he spent many years in
Portugal. Michael trained with Lord Henry Loch, Luis Valenca of the Portuguese School of
Equestrian Arts, Fernando Olivera- assistant to Nuno Olivera, Don Jose Athayde head of the
Alter Stud, & Marcel Bonaerens- coach to Ludo Phillipaerts.
He earned his Portuguese Equestrian Federation Credentials, his British Horse Society
Credentials and the Bronze Medal from USDF. While studying in Great Britain, he trained an
eventer that later was sold to Prince Phillip.
He has been listed on Sylvia Lock’s website as one of the top 15 Classical Dressage trainers
in the world. He performed on the quadrille team of Luis Valenca at the Salon du Cheval de
Paris and Equitana. He began giving riding instruction at age 18 and trained horses for the
Saudi royal family and Saudi Aramco.
Michael brought his love for the Iberian horse with him to the US. He has shown Andalusians
both nationally and regionally in breed and USDF shows, bringing home many championships.
In 2014 he was named IALHA Professional Horseman of the Year. He is also an accredited
Working Equitation judge. He is all about the horse. With a positive outlook on everything in
his life, he looks forward to a wonderful future with his partner, his horses, his clients and
his friends.
A new hay lease is being negotiated along with a farmer to leave some cows for grazing.
This ensures keeping the Ag-Exempt status for this property.
The living quarters for the managing team are being redone from their current
dilapidated condition.
Many more are being worked on. Be sure to look for more details in our next newsletter!
TX-Austin-Oakalla-N2657-699.38Acres (Lots Available)
The trend to move to more rural areas has tremendously accelerated in the last one year owing primarily to COVID-19 and changing attitudes about work-from-home. You cannot read a news website or paper without coming across at least one article on the subject. For those who prefer to stay away from the city in peace and quiet, our Oakalla property will offer solace.
Imagine a grand landscape with a rolling terrain, stunning views, and untouched woods. Herds of wildlife running around. Water features coming to life in rain.
We intend to shape our Oakalla property into the premier ranch community in greater Austin
area. As part of this vision, we didn’t want to change the nature of this beautiful piece of land.
We made a conscious decision to not clear the land indiscriminately by inviting a ‘land clearing
expert’ who would bring a bulldozer and ‘clear’ the land.
Instead after a careful search we found a landscaping expert who works ‘with the land’.
We are glad to announce that we have retained the services of Keeney Landscaping to
landscape our property and clear years of shrub growth and dead trees.
They come highly recommended and have many success stories to tell.
Here in his own words is founder Bill Keeney.
Starting out with the motto “Landscape the earth one yard at a time”, I began this company as
a fulfilment of a lifelong dream. Simple beginnings with curb appeal installations led to larger,
more complexed projects which eventually led to full scale landscape design-build projects as
well as land restoration projects.
For over 15 years I have maintained this as a referral based business and my relentless desire
to landscape burns even brighter now. Continuing the education to enhance and further
establish my business model I am a: Licensed irrigator, Licensed nurseryman, Texas certified
nursery professional, Texas certified landscape professional, Nationally accredited landscape
design consultant
The main areas which I have focused on have been :
Water wise smart irrigation, Soil remediation, Land restoration, Outdoor living, Decorative
concrete patios And Pergolas Landscaping is a profession that I take very seriously.
Understandably, as a source of income to take care of my family, this is my job.
But almost equally as important is the passion to make someone’s landscape beautiful and
constantly pushing the limits of creativity
We have also engaged our engineers to start working with the County in bringing our vision to fruition. We expect this process to take about 12 months. Be sure to look for progress in our next newsletter!
Coming soon:
Lot of our existing investors and new investors have been asking
what is coming down the pipeline.
We are pleased to announce that we have several in the final stages and will be offered soon.
The first of these is a 65 acres property located right in front of a high school in Belton, TX.
We are in the final stages of acquiring another 100 acre property on FM-973 in
Manor / Coupland, TX.
We have added another 132 acres to our Oakalla property.
Let us know if you are interested in any of the above upcoming properties.
Austin Trivia
While everything is big in Texas, did you know its Capitol building is not the
biggest? …. That honor goes to the US Capitol building in Washington, DC!
Did you know that Austin is the only city in the world which still operates
Moonlight Towers?
They were part of the original street lighting system built in 1894!
The longest recorded total horn length of a Texas longhorn was measured at 129.5 inches (3.29 meters)
510 Franklin Avenue, Suite 6
Nutley, NJ, 07110
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