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We are excited to announce that we have closed escrow on our beautiful new asset, The Regatta Apartments in San Antonio, Texas. We are assuming a low 4.05% fixed debt loan with 7 years remaining, and our contractors are beginning renovations this week. Value creation is starting already! We Have a Few Spots Left to Invest With Us. |
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We paid $100k per unit, and the property right next to this one sold for $137k per unit fairly recently. Yes, that’s almost a 40% discount! What else makes this super exciting is it’s approximately a mile away from another 296-unit complex we already own. We know this area very well and we love it. This new property is actually quite a bit better than our existing property. For example, the units are larger, they all have fireplaces and washer-dryer hookups, and this property sits on a beautiful lake. San Antonio is one of the best markets in the country to invest in right now, with population and job growth setting records. |
