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6/20/25
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TruAmerica Multifamily has acquired Dominion Park Apartments, a 280-unit, garden-style community located in the rapidly growing Northwest submarket of San Antonio. This marks TruAmerica’s second investment in the San Antonio metro and is a key milestone in its ongoing Texas expansion strategy.
Built in 2002, Dominion Park Apartments features a mix of one-, two- and three-bedroom units averaging 866 sf in size. The property sits across from USAA’s global headquarters and within proximity to several other employment centers including the South Texas Medical Center, Valero, and UT Health. The submarket has experienced 25% rent growth over the past three years and maintains a healthy 90% occupancy rate.
Approximately 96 units have undergone prior renovations, providing a solid foundation for TruAmerica’s renovation and operational enhancement strategy. The firm plans to renovate the remaining units and standardize all interiors to a consistent, high-quality finish level. TruAmerica also intends to implement targeted improvements to operate the property more efficiently.
“San Antonio boasts strong in-migration trends, combined with steady job growth and a favorable cost of living,” said Matt Ferrari, Head of Acquisitions and co-CIO of Los Angeles-based TruAmerica. “Dominion Park is positioned to benefit from these resilient rental fundamentals and high growth environment.”
Moses Siller, Bryan Vancura, Darby Lopez, Brandon Harrington and Tyler Woodard with Northmarq assisted in the transaction.
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