Our Portfolio

200 UNITS — SAN ANTONIO METRO

heights1
heights2
heights3
heights4
heights5

Heights at Converse

Units: 200
Year built: 2016
Location: Converse, Texas
Submarket: Northeast San Antonio
Acquired: July 2021
1031 exchanges: 7
Purchase price: Undisclosed
Equity invested: $15.6 million
CapEx budget: $1.2 million

Investment Highlights

Heights at Converse benefits from a prime location near Randolph Air Force Base and the I-35 Corridor. The San Antonio-Austin Corridor is one of the fastest-growing regions in the United States, currently home to 4.5 million people and expected to grow to 6-7 million people by 2030.

The modern, garden-style apartment community provides convenient access to retail centers and San Antonio’s diverse employment sectors. It is positioned at the intersection of two main thoroughfares through Converse - Kitty Hawk Road and Topperwein Road.

The gated community boasts an attractive site layout on a hill with an appealing exterior aesthetic. Unit interiors offer 9-foot ceilings, modern floor plans with dens in select one-bedroom plans, and a spaced bed/bath arrangement in the two-bedroom floor plans.

Heights at Converse marked IMG's third Texas apartment acquisition in 2021.