About San Antonio Legacy 7 Portfolio
The San Antonio Legacy 7 Portfolio is an exceptional opportunity to acquire well located and meticulously maintained value add assets in the San Antonio market. These properties have been owned and operated as an "all bills paid" portfolio by the current owner for over 36 years. The operating philosophy has been to keep the properties in top condition and fully occupied with a well-qualified resident profile. Rental rates are well below the market and new ownership can potentially increase income dramatically with value-add improvements and operational efficiencies.
All properties are located in mature infill locations that are difficult, if not impossible, to replicate, within Loop 410. Six of the seven properties have north side locations. Each asset has a history of high occupancy and none have been "upgraded" other than regular replacements.
This portfolio of 760 units represents a tremendous opportunity for investors to acquire a well-positioned and operationally efficient portfolio with a clear value add strategy. It could take years to assemble a similar group of properties with equivalent locations through individual acquisitions. These assets are unencumbered by existing debt and can be purchased individually or as a portfolio.