Completed
San Antonio, Texas
Algarita Lakeside
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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
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Related Articles
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Investment Summary
Property Type:
Multifamily
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Strategy:
Value-Add Acquisition
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Address:
8555 Laurens Ln, San Antonio, TX 78218
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Investment Date:
November 1, 2015
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Est. Hold Period:
5.7
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Total Capitalization:
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Loan To Cost Ratio:
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Est. Exit Cap Rate:
N/A
Investor Preferred Return:
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Property Type:
Multifamily
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Strategy:
Value-Add Acquisition
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Address:
8555 Laurens Ln, San Antonio, TX 78218
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Investment Date:
November 1, 2015
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Disposition Date:
July 1, 2021
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Hold Period:
5.7
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Realized IRR:
14.4%
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Equity Multiple:
2.15x
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Total Capitalization:
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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
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Hold Period:
5.7
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Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Cap Rate at Close:
N/A
Realized Investor Return:
N/A
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Land
NB North
New Braunfels, TX
Off-market acquisition of 22.13 acres of fully entitled land for future multifamily.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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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
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Property Type:
Land
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Property Type:
Land
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Land
Govalle
Austin, TX
Acquisition 2+ acres in East Austin to subdivide into single-family lots.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Commercial
Delta Drive - Laredo Industrial
Laredo, TX
Off-market acquisition of a 72,868 SF tilt wall industrial warehouse in Laredo's historically 99% occupied San Isidro submarket.
Commercial
Property Type:
Industrial
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Property Type:
Industrial
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Property Type:
Industrial
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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
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Residential
Elevate At Fillmore
Colorado Springs, CO
Elevate At Fillmore is the development of a 196-unit, Class-A multifamily community in northwest Colorado Springs, CO.
Residential
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