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|Number of units||772|
JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in the North Central Trio Portfolio: The Escapade, The Jackson, and The Keller (The “Portfolio” or “Properties”), three multi-housing assets totaling 772 units in San Antonio, Texas. Prominently positioned off Vance Jackson and Blanco Road, the Properties benefit from abundant visibility, organically driving leasing velocity. The Properties’ central location offers seamless routes to nearby entertainment venues and two of San Antonio’s premier retail hubs – The RIM and The Shops at La Cantera. The Properties are located just north of the IH-10 and Loop 410 intersection, giving residents immediate access to San Antonio’s major economic drivers including UTSA, Valero, USAA, and South Texas Medical Center. In addition to superior locational attributes, this unique offering presents investors an ideal value-add opportunity. Current ownership has invested capital in renovating 65% of the units to include more luxury features such as quartz countertops, new cabinet fronts, backsplashes, upgraded flooring and fixtures resulting in average premiums up to $250. The North Central Trio Portfolio presents investors with a centrally located value-add opportunity to continue renovations and realize further rent growth, driving NOI and leading to material value creation.
- Economies of scale: operating 772 units in the North Central 2 submarket of San Antonio
- Value-add opportunity: 35% of unit interiors left to renovate to capture premiums up to $250
- Infill location: minutes from mixed-use destinations The RIM, The Shops at La Cantera and The Alamo Quarry Market
- Surrounded by large corporate players: South Texas Medical Center, USAA, Valero and UTSA