Our Portfolio

228 Units — San Antonio

Encore_TX_ExteriorRenovated IMG 2023

Encore281 Apartments

Units: 228
Year built: 2015
Location: North San Antonio, Texas
Acquired: April 2021
Purchase price: Undisclosed
1031 exchanges: 9
Equity invested: $14.5M
CapEx budget: $1.2M

Investment Highlights

  • IMG sourced the property off-market
  • 2015-built with modern community amenities package
  • 1, 2 & 3-bed unit mix; Eight total floor plans averaging 915 SF
  • Increasingly central and desirable location as the Highway 281 infrastructure project accommodates further northward submarket expansion towards Austin, Texas.
  • Highway 281 is a primary connector between San Antonio and I-1604 to the south, and Austin, and the communities of Stone Oak and Spring Branch to the north. Traffic flow through the corridor is currently 91K vehicles daily.
  • High household incomes ($100K+ within 2 miles of property) yet relatively affordable rents keeps demand healthy and vacancies tight
  • San Antonio - "America's Next Boom Town" - Forbes
  • #2 Fastest-Growing City - U.S. Census Bureau