Portfolio

North Central Trio Multifamily Portfolio

San Antonio, United States
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Building Area
Land Area ()
Number of units 772

Property Description

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in the North Central Trio Portfolio: The Escapade, The Jackson, and The Keller (The “Portfolio” or “Properties”), three multi-housing assets totaling 772 units in San Antonio, Texas. Prominently positioned off Vance Jackson and Blanco Road, the Properties benefit from abundant visibility, organically driving leasing velocity. The Properties’ central location offers seamless routes to nearby entertainment venues and two of San Antonio’s premier retail hubs – The RIM and The Shops at La Cantera. The Properties are located just north of the IH-10 and Loop 410 intersection, giving residents immediate access to San Antonio’s major economic drivers including UTSA, Valero, USAA, and South Texas Medical Center. In addition to superior locational attributes, this unique offering presents investors an ideal value-add opportunity. Current ownership has invested capital in renovating 65% of the units to include more luxury features such as quartz countertops, new cabinet fronts, backsplashes, upgraded flooring and fixtures resulting in average premiums up to $250. The North Central Trio Portfolio presents investors with a centrally located value-add opportunity to continue renovations and realize further rent growth, driving NOI and leading to material value creation.

Investment Highlights

  • Economies of scale: operating 772 units in the North Central 2 submarket of San Antonio
  • Value-add opportunity: 35% of unit interiors left to renovate to capture premiums up to $250
  • Infill location: minutes from mixed-use destinations The RIM, The Shops at La Cantera and The Alamo Quarry Market
  • Surrounded by large corporate players: South Texas Medical Center, USAA, Valero and UTSA
Last Updated Date: 30 Apr 2021
Sean Sorrell
Sean Sorrell
Senior Managing Director, Capital Markets
License details
TX-0353651
Roberto Arzola
Director, Capital Markets

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Last Updated Date: 30 Apr 2021

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