Our Portfolio

120 Units • Kerrville, TX


Sendero Ridge Apartments

Units: 120
Year built: 2020
Acquired: April 2022
Purchase price: Undisclosed
1031 exchanges: 7
Equity invested: $11M

Investment Highlights

Built in 2020, Sendero Ridge is located in the heart of scenic Texas Hill Country. The property occupies a convenient location within a new single family residential neighborhood easily accessible to major thoroughfares I-10 and Highways 16 and 173. Affordable rents and solid rental demand supported a fast lease-up of the property after construction.

IMG identifies a long-term trend of renters exiting expensive gateway cities and moving to locations in agreeable climates that offer relatively affordable living costs. Central Texas is on trend to grow in attractiveness with its increasingly lively Hill Country tourism scene and ongoing, billion-dollar corporate relocation announcements.

Sendero Ridge marked IMG's 6th acquisition in Texas (2020-2022).