The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 9, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
DB Capital Management and Sabal Financial Group Buy 228-Unit TX Multifamily Property

7/21/22

DB Capital Management has partnered with Sabal Financial Group to acquire Villas of Henderson Pass, a 228-unit multifamily community in San Antonio, TX. The property, which was 98% occupied at closing, is DB Capitalís third acquisition in San Antonio.

Located at 16465 Henderson Pass, Villas of Henderson Pass is centrally located close to several of the largest employers in San Antonio, including San Antonio International Airport (100,000 jobs), South Texas Medical Center (30,000 jobs), USAA (16,000 jobs), Valero (10,000 jobs) and Oracle (500 jobs). Built in 1986, the property offers a mix of one- and two-bedroom floor plans spread across 20 two- and three-story buildings.

DB Capital plans to rebrand the asset as Summit Henderson Pass and immediately initiate a $4.5 mil renovation program that will include upgrading all units with new flooring, countertops, smart-home tech packages, in-unit washer/dryers and new light fixtures. They will also modernize the exterior and common areas, with the goal of offering tenants a more desirable property, superior finishes and a better location at a discount to new construction in the area.

DB Capital entered the San Antonio MSA last November with its acquisition of Salado Springs, a 352-unit multifamily community in the north central area of the city. With its purchase of Villas at Henderson, the Los Angeles-based firm has spent more than $160 million in Alamo City investments in seven months.





Return to the previous page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media