24.83%
PROJECTED AAR
8%
PREFERRED RETURN
5 Year
PROJECTED HOLD TIME
$100K
MIN INVESTMENT
Investment Highlights
Off-Market Acquisition at a Discount
Purchased for $10.75M, significantly below the $13.47M purchase price from the previous owner in 2023. Seller in a distressed situation due to high bridge debt, creating a prime buying opportunity.
Below-Market Rents with Upside Potential
Current rents are below market, providing a clear path for gradual $85-$100 rent increases over four years. Targeting conservative, market-supported rental adjustments to enhance cash flow.
Strong Location & Market Fundamentals
Located in North San Antonio, a high-income, low-crime area near the airport. Proximity to Austin (1 hour, 15 mins) and strong demand for quality rental housing. Projected 5.5% population growth and 5.76% household growth from 2024-2029.
Minimal Capital Expenditure & Value-Add Potential
Well-maintained property requiring only light interior renovations and operational efficiencies. Implementing utility billbacks (RUBS), parking fees, and amenity-based income streams to drive NOI growth.
Attractive Loan Structure & Favorable Financing
7-year non-recourse loan with 2 years of interest-only at a 5.34%-5.41% rate. Partnering with JLL, a proven lender from previous successful acquisitions.
Conservative Underwriting & Value-Add Potential
Projected Internal Rate of Return (IRR) of 15-16%. Competitive preferred returns: 8% for Class A investors and 7% for Class B investors.
Property Overview
Stratton Park / 12324 Starcrest Dr, San Antonio, TX 78216
127
Units
1985
Year Built
92%
Occupancy
712
Average Unit Size (sqft)
Investment Process
Review Offering
Investors should review the offering documents and make a commitment through the investor portal (link to portal included in marketing materials).
E-sign
Please electronically sign the offering documents within the investor portal or send us a message for assistance.
Funding
Please electronically sign the offering documents within the investor portal, or feel free to reach out to us for any assistance.
Closing
Thank you for your investment. If you have any questions or need further assistance, please don’t hesitate to contact us.
OUR TEAM
Donald Lindsay
Our CEO
Clive Davis
Advisory Board