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Key Facts

Year Built 1972
Occupancy 97.0 %

Property Description

Ownership has spent considerable time and effort reinvesting capital into this respective asset, but almost exclusively focused on curing the deferred maintenance that was abundant when originally purchasing the Property. Over the last 15 months, current ownership has reinvested close to $300,000, addressing many longer-term capital needs of the community while also paving the way for a continuation of interior improvements to meet resident demand. The Edge offers an ideal value add opportunity from the respect of focusing future capital expenditures into true revenue enhancing features without significant dollars required for big ticket deferred maintenance items. The Property also presents investors an outstanding opportunity to purchase a solid workforce housing community within the rapidly expanding San Antonio market. The asset has benefitted from high occupancy rates for an extended period of time, serves a true growing need in San Antonio for affordable housing options, and is ripe for interior renovations that address proven demand in the submarket

Investment Highlights

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee simple interest in The Edge (the Property), a 123-unit garden style apartment that sits on 8.9 acres in the East submarket of San Antonio.
Schafer Smartt
Analyst
Samuel Nichols
Analyst

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