5604 Brownfield Dr (32 Units)
About
32-unit multifamily complex in Lubbock consisting of eight quadplex buildings. The property includes 32 two-bedroom units averaging 920 sq ft each, totaling 29,440 sq ft, and was built in 1986. Each unit features an attached garage. The complex has maintained over 90% occupancy with ongoing rent increases. It is located near Marsha Sharp Freeway, Loop 289, and Texas Tech University.
Property Management
Austin Hughes listed this property and runs its day-to-day operations — tenants, upkeep, and rent collection — so shareholders never carry the landlord workload themselves.
Due Diligence Documents
Offering Details
The Market
Lubbock offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
- Property Update (09/01/2026):
- Governance Results for 5604 Brownfield Dr:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- YES: Approve the property transition and Lending DAO terms outlined above.
- This voting option received 12,555 / 12,643 votes which is equal to 99.30% of the total votes.
- The voting results can be found on chain here or by searching the application ID: 3691888273
Investor Reviews
N/A/5 (0 reviews)Investors haven't shared their experience with this property yet.
Frequently Asked Questions
How Lofty works+
Each property is held by its own LLC and divided into shares recorded on chain. Buy as few or as many as you like, collect rent daily, and trade on the order book anytime.
What returns can I expect, and how often are rental payments distributed to investors?+
Your share of net rent accrues every day, and appreciation is realized when you sell. Every listing shows its projected yield and full expense breakdown.
How does leverage work?+
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How are property decisions made?+
Big decisions — repairs, refinancing, selling — go to a shareholder vote through the property’s governance DAO, with results executed by the managing agent.
Where can I communicate with the other co-owners?+
Every property has an owners’ discussion space where co-owners talk through upcoming votes and updates.
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