This was our second purchase in San Antonio after our previous success in the city. A 292 unit property that although it was in good physical condition, having undergone an extensive rehab with the previous owners, we look to drive added value through our proven operational systems.
This was purchased in mid 2017, a C property located in a C- neighborhood in the dynamic Austin, TX market. Since take-over we have held occupancy steadily above 94% while many of our neighbors remain below 90%. This is just the latest example of how our top-notch operations and staffs allow us to be best-in-class.
Fully stabilized asset in North San Antonio, nestled between a golf course and a private lake. This property received some TLC, upgrading the clubhouse and fresh paint. We anticipate a mid-term hold.
Our first acquisition in Austin, TX. This 1984 construction was a fully stabilized asset, C property in a D+ neighborhood. This property had deferred maintenance and an out of state owner. Built an onsite office with regular office hours and tightened up with property management. This community was held for 2 1/2 years.
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