The Depot is a 210-unit property in a dynamic submarket with attractive value-add opportunities in Fort Worth, Texas. We expect Ft. Worth to be a strong multifamily market for the next decade. FortWorth’s population has grown 8.7% from 2010 to 2015, more than double the national average in the same time period. The income levels are also above the national average. Fort Worth is consistently ranked among the top places in the nation to work, live and do business by “Money”, “Fortune”, “Site Selection” and “Newsweek” magazines.
Whispering Winds is a 286-unit Class B multifamily apartment community located in an area just south of Houston. This property is located in the proximity to excellent job and retail corridors and is relatively insulated form the oil industry by the excellent healthcare sector. Businesses other than healthcare are expanding in Pearland. There is excellent well-paying jobs in this submarket as well. There is a rapidly growing population and hundreds of millions of dollars in investments in the healthcare industry.
Villas of Henderson Pass
San Antonio, Texas
Villas of Henderson Pass is a 228-unit apartment community in San Antonio, Texas, one of the 10th fastest growing cities in America according to Forbes Magazine. The property is located in the North Central submarket with excellent access to US 281 and US 1604, major highway corridors. The San Antonio International Airport is minutes away. There are excellent schools in this submarket with low crime rates.
Hillcreste At Thousand Oaks
San Antonio, Texas
Hillcreste At Thousand Oaks is a 158-unit multifamily apartment community in the Thousand Oaks area of San Antonio, in very close proximity of two of our other acquisitions (Villas of Henderson Pass & The Summit of Thousand Oaks). The demographics are excellent and the location is in excellent proximity to major retail and job corridors.
The Summit of Thousand Oaks
San Antonio, Texas
The Summit is a 224-unit garden-style multifamily community located in San Antonio, Texas. This apartment complex is located in close proximity to Phil Hardberger Park. In addition, it is within a one-mile radius of our other two apartment complexes (Villas of Henderson Pass & Hillcreste At Thousand Oaks). The property is at the heart of the Thousand Oaks area of San Antonio with proximity to a multitude of major retailers and shopping centers.
Presidio Apartment Homes
Presidio is a 202-unit garden-style multifamily community located in Allen, Texas (north of Dallas). Built in 1986, the property is situated on 10.6 acres. The property includes four floor plans including one-and two-bedroom units. Community amenities include 24-hour emergency maintenance, controlled gate access, on-site business center, fitness center 24-hour security monitoring, nearby public transportation, outdoor grilling area, covered parking and pool.
The property is in good proximity to job and retail corridors, with easy access to the hear of Allenm Texas and the surrounding high-end development. There are strong demographics, excellent school districts and proximity to major employers.
Northern Cross Apartments
Fort Worth, Texas
Northern Cross Apartments is a 398-unit institutional-quality asset that enjoys an exceptional location, solid amenities, and an interior renovation opportunity. The business plan is to renovate and modernize the unit interiors and common areas in order to better compete with high-end luxury product while increasing rental rates and mitigating risk by pursuing a low-leveraged agency loan of 68% LTV while capitalizing on today’s disproportionately low interest rates.