Transaction Details

Par Amount:

$13,444,355

Interest Rate:

6.000%

Closing Date:

02/06/2025

Debt Structure:

Capital Appreciation Bonds

Pledged Revenue:

Proceeds from the sale of bonds from Rock Prairie Management District No. 2

Use of Proceeds:

Reimbursement of eligible public improvements
Midtown Entryway sign

Midtown

Brazos County

  • Midtown is a 319-acre mixed-use master-planned community located within College Station, Texas, approximately 6 miles southeast of downtown College Station. Midtown is entirely located within Rock Prairie Management District No. 2.
  • The project is being developed by Impact Communities.
  • At full build out, Midtown is anticipated to include 912 single-family residential units, 22 townhome lots, 59 condos, 2,104 multi-family units, and 465,000 sq. ft. of commercial.
  • At the time of issuance:
    • 75% of the residential units were under contract to D.R. Horton, Boxwood, Kaleo Homes and New Vision.
    • 44% of the residential units were complete or under construction.