HillCreste at Thousand Oaks: CapEx Updates
For investors with an eye for value creation, noting a property’s journey from the ‘before’ to the ‘after’ is essential. HillCreste at Thousand Oaks exemplifies a transformative journey., HillCreste at Thousand Oaks was a hidden gem that REEP Equity acquired in July 2023. The property is in the highly sought-after North Central San Antonio market, built in 1985 as a garden-style community with 158 units over 9 buildings.
The transformation journey began with shared business plan created together by REEP Equity, and our in-house property management, REEP Residential The plan included upgrading 75 units, improving the exterior and amenities, and upgrading the clubhouse, office, and gym. The exterior renovations have included new landscaping, new paint, and our teams are currently working to refresh the pool and grill area and dog park.
Kicking Off the Transformation Journey
In a remarkably short span of just six months, our property has experienced an array of enhancements. These have been carefully executed to cause minimal disruption to operations and the daily lives of our valued tenants. Scroll through photos below to explore the transformative changes we’ve made.
But we’re not hitting the brakes on progress just yet. On the horizon, we have exciting plans to revamp our gym facilities and introduce a dedicated dog park. Stay tuned for these upcoming developments!
HillCreste at Thousand Oaks’ transformation story is one of innovation, quality, and strategic investment. By marrying a clear vision with steadfast execution, we have presented the market with a property that our residents are proud to call home an example of a value-add investment opportunity.
Are you an investor on the lookout for promising ventures? Let’s start the conversation and discover how you can share in the success of our next multifamily investment opportunity.
I’ve been here past 6 years and it’s been absolutely horrible, BUT over past couple months a new property manager has taken over. The previous management has been out the door (thank goodness), and just in the few months the new management has taken over you can already tell the DRASTIC difference, and the place is starting to look ALOT better. Angela in the office was great and approachable, and actually cared!! I didn’t plan on renewing my lease after it was up again, but after the improvements and chatting in the office, I’m going to go ahead and renew again!!
