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Aspen Chase Apartment

Class: C
Property Details: 1966 | Garden-Style | 143 Units
Locations: San Antonio, TX
Acquired Date: December 2014 
Sold Date: September 2016 

Initial Loan: $5,008,000
Rehab Budget: $500,000
Investment Period: 2 Years

Investment Summary

Aspen Chase Apartments was a 143 Unit property with rents below market and significant valueadd opportunities. The property is in a strong demographic and high-traffic location. Household income supported rent increases and the area showed strong job growth within a 5mile radius. Aspen Chase business plan focused on repositioning that asset with a rehab budget of $500,000.

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