Our Portfolio
312 UNITS — SAN ANTONIO
Hardy Oak
Units: 312
Year built: 2020
Location: San Antonio, TX
Acquired: December 2021
Purchase price: Undisclosed
1031 exchanges: 8
Equity invested: $28.9M
CapEx budget: $1.0M
Investment Highlights
Hardy Oak is a gated, luxury apartment community in North San Antonio. Located just minutes from Stone Oak, the most prolific growth corridor in the city, Hardy Oak is supported by an increasing amount of major corporate employers and high-end retail. Property highlights include:
- Convenient access to Loop 1604 and Highway 281, connecting to major employment centers
- Unmatched nearby demographics: Average household income exceeds $140,000 within a 1-mile radius
- Median single-family home listing within a 5-mile radius exceeds $600,000
- Located within the highly acclaimed, award-winning North East Independent School District
Hardy Oak marked IMG's 5th Texas acquisition since September 2020, expanding the firm's San Antonio portfolio to 1,300 units.