Completed
San Antonio, Texas
Algarita Lakeside
Click to view all photos
No items found.
Property Overview
The Opportunity
Acquisition of a 293-unit multifamily community from a distressed Tenant-In-Common "TIC" partnership. Located just north of Alamo Heights in San Antonio, TX, the property was heavily renovated. Despite the property being hit with the largest hail storm in Texas history that destroyed 25 metal roofs which lead to lawsuits with the insurance company, being struck by a tornado, COVID, and a damaging winter storm the project produced a successful outcome for our investors producing a 2.15X equity multiple.
Competitive Advantage
Lessons Learned
Property Location
Documents & Financials
No items found.
Related Articles
No items found.
Investment Summary
Property Type:
Multifamily
N/A
Strategy:
Value-Add Acquisition
N/A
Address:
8555 Laurens Ln, San Antonio, TX 78218
N/A
Investment Date:
November 1, 2015
N/A
Est. Hold Period:
5.7
N/A
Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Est. Exit Cap Rate:
N/A
Investor Preferred Return:
N/A
Property Type:
Multifamily
N/A
Strategy:
Value-Add Acquisition
N/A
Address:
8555 Laurens Ln, San Antonio, TX 78218
N/A
Investment Date:
November 1, 2015
N/A
Disposition Date:
July 1, 2021
N/A
Hold Period:
5.7
N/A
Realized IRR:
14.4%
N/A
Equity Multiple:
2.15x
N/A
Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Exit Cap Rate:
N/A
Realized Investor Return:
N/A
Property Type:
Multifamily
N/A
Strategy:
Value-Add Acquisition
N/A
Address:
8555 Laurens Ln, San Antonio, TX 78218
N/A
Investment Date:
November 1, 2015
N/A
Disposition Date:
July 1, 2021
N/A
Hold Period:
5.7
N/A
Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Cap Rate at Close:
N/A
Realized Investor Return:
N/A
%20Large.jpeg)
Land
NB North
New Braunfels, TX
Off-market acquisition of 22.13 acres of fully entitled land for future multifamily.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
Land
Windcrest
San Antonio,TX
Acquisition of two (2) land tracts totaling 12.2 acres for entitlement and sale in Windcrest, northeast of downtown San Antonio.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
Land
Govalle
Austin, TX
Acquisition 2+ acres in East Austin to subdivide into single-family lots.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
Residential
Prose Lonesome Quail
New Braunfels, TX
Prose Lonesome Quail is the development of a 390-unit, 3-story garden style multifamily community in New Braunfels, TX, one of the fastest growing cities in the US.
Residential
Property Type:
N/A
Property Type:
N/A
Property Type:
N/A
Commercial
South Lamar Medical Center
Austin, TX
South Lamar Medical Center was the off-market acquisition of a vacant 110K SF former retail and office building for renovation and repositioning into South-Central Austin’s premier medical office.
Commercial
Property Type:
Medical Office
N/A
Property Type:
Medical Office
N/A
Property Type:
Medical Office
N/A
.jpg)
Residential
Crenshaw Grand
Houston, TX
Crenshaw Grand was the off-market acquisition of a fully stabilized 264-unit, garden style apartment community at the intersection of the supply-constrained Pasadena and Clear Lake submarkets in Houston, TX.
Residential
Property Type:
Multifamily
N/A
Property Type:
Multifamily
N/A
Property Type:
Multifamily
N/A
Have questions? Our team is here to help
Schedule an introductory call with BCP's executives to align your investment goals with tax-efficient and profitable strategies.
