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Historical Performance

Sold 2014

  • Acquired Alegre Apartments in San Antonio, Texas in April 2012
  • 24 unit garden-style complex built in 1969
  • Class C
  • We completed value-add improvements achieving the following:
    • Occupancy increased from 75% to 100%
    • $90,000 in capital improvements

Sold 2014

  • Acquired Aspen Chase Apartments in San Antonio, Texas in December 2014
  • 143 unit garden-style complex built in 1966
  • Class C
  • We completed the following value-add improvements:
    • Major upgrade to onsite & asset management
    • $500,000 in capital improvements
  • San Antonio Apartment Association – Property of the Year 2014

Sold 2016

  • Acquired Coral Gables in San Antonio, Texas in November 2013
  • 28 unit garden-style complex built in 1974
  • Class C
  • Since acquiring the asset, we accomplished the following improvements:
  • $100,000 completed capital improvements
  • Increased rent value by 26%
  • Improved curb appeal and management

Sold 2017

  • Acquired Darby Square in San Antonio, Texas in February 2015
  • 74 unit garden-style complex built in 1986
  • Asset Quality: C
  • Improved operations and curb appeal, increasing resident satisfaction and
    occupancy to 96%

Sold 2019

  • Acquired Astoria Apartments Homes in San Antonio, Texas in July 2014
  • 88 unit garden-style complex built in 1979
  • Class C
  • Since acquiring the asset, we accomplished the following improvements:
    • Occupancy improved from 36% to 92%
    • Achieved rental growth of 50% on new leases
    • Refinanced after 2 years, in August 2016

Sold 2019

  • Acquired Aragon Place in San Antonio, Texas in January 2016
  • 216 unit garden-style complex built in 1983
  • Class B
  • We completed the following value-add improvements:
    • Replaced onsite management team
    • $950,000 in planned improvements
    • Occupancy increased from 80% to 92%
Parc 410

Sold 2021

  • Acquired Parc 410 in San Antonio, Texas in March 2017
  • 344 unit garden-style complex built in 1980
  • Class B
  • We completed the following value-add improvements:
    • Renovated 130 units with $525,000 rehab budget, utilizing economies of scale with current portfolio and in-house construction and management teams
Atrium Commons

Sold 2021

  • Acquired Atrium Commons in San Antonio, Texas in October 2017
  • 256 unit garden-style complex built in 1985
  • Class B
  • We increased occupancy by 28%, maintaining an average 94% occupancy
Atrium Commons

Sold 2022

  • Acquired Ridge at Southcross in San Antonio, Texas in October 2016
  • 212 unit garden-style complex built in 1974
  • Class B
  • The business plan included adding a fitness center, remodeling the leasing office, remodeling the pool, adding a sun deck, improve landscaping. Interior upgrades for 132 units included adding faux wood flooring, 2” wood blinds, USB ports, black appliances, updated lighting, custom paint, and kitchen backsplashes.

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