Austin Magruder
Austin Magruder is a multifamily real estate asset manager and principal with over 11 years of experience acquiring, repositioning, and optimizing residential and mixed-use assets across the Mid-South and Southwest markets. As lead sponsor, he has directly overseen 11 acquisitions totaling 457 units and $41.7 million in deployed capital — delivering a weighted average equity multiple of 2.4x and a 70.2% IRR across four realized exits. His broader involvement across co-sponsorships and joint ventures extends to 750+ units acquired and a current portfolio valued at approximately $53 million.
Austin's approach is rooted in institutional-grade asset management: disciplined underwriting, proactive portfolio oversight, and a structured process for driving value at the asset level. Through Stoneflower, he applies that same framework as a trusted partner to family offices and institutional owners seeking third-party project management and asset management expertise — bringing the same rigor to their portfolios that he applies to his own.
He has built his reputation on transparency, operational discipline, and a demonstrated ability to execute across market cycles — qualities that have made him a go-to partner for family offices, institutional brokers, and co-sponsors navigating complex real estate environments.
Founder| Property | Type | Market | Units | Acquired | Hold Period | Equity Multiple | IRR¹ | ROI |
|---|---|---|---|---|---|---|---|---|
| Tiger Flats | Multi-Family | Memphis, TN | 22 | 2016 | 4.7 yrs | 3.38x | 57.2% | 237.8% |
| The Wendell | Multi-Family | Memphis, TN | 24 | 2020 | 1.7 yrs | 4.06x | 224.5% | 306.0% |
| 610 Monroe | Office / Industrial | Memphis, TN | 2 | 2021 | 4.5 yrs | 1.48x | 21.5% | 48.4% |
| New Heights | Build-to-Rent | Texarkana, TX | 75 | 2021 | 4.3 yrs | 2.15x | 48.6% | 114.7% |
| Total / Wtd. Avg. | 123 | 2.40x | 70.2% | 139.7% |