Current Investing Opportunity: Array Apartments
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Marbach Park Apartments

304-Unit Apartment Community Investment Opportunity in San Antonio

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*Investor Requirements: Income > $200k, (or) combined w/ spouse > $300k, (or) combined net worth > $1M, (or) Accredited investors

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Preferred Return

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Projected Average Annual Distributions (CoC)

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Projected IRR

Years Investment Term

Track Record

MULTIFAMILY UNITS

MILLION PORTFOLIO VALUE

APARTMENT COMMUNITIES

STATES

YEARS EXPERIENCE

Why San Antonio 

Awards & Accolades

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#1 America’s Next Big Boom Town (Forbes)
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$5 Top 5 in Economic Performance (Brookings)
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#2 most populous city in Texas
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#1 Highest Growth of Millennials (Brookings)
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#1 U.S. City with the biggest numeric population growth from 2020 to 2021
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#1 Best Cities for Conferences

Excellent Submarket

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4.3% Unemployment rate is below the national average of 6.0%.
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4 Fortune 500 Companies
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$53,571 Median Income
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San Antonio is expected to top 4 million people by 2050
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39.6% Job growth expected over the next 10 years
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7th Most populous city in the US

Financial Overview

Conservative Financing

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Low Leverage: 70% LTV (Loan-to-Value)
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30 Year Amortization
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5 Year Interest Only
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6.25% Interest Rate
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5 Year Loan Term

Conservative Underwriting

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Raising an additional ~$888K in operating reserves. Enough to cover ~6 months of expenses
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Stress tested break-even occupancy at 70%
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Conservative assumptions of sale price by inflating the cap rate by ~30 basis points per year.
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Underwriting with an eye towards market trends in 2008-2011 versus 2015-2018.

Recession Resilience

Landlord-friendly State

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Texas is a very pro-landlord state.

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Government is providing significant assistance programs for residents who cannot pay rent.
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In Texas, eviction bans now lifted and the regular eviction process’ are now fully enforceable.

Resilient Renter Base

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B Class residents with higher education and income are less impacted.
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Targeting ‘gray collar’ residents, who typically have fewer collection issues and higher paying jobs. 

How We Add Value

Existing

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Below Market Rent

On average, the current rent is well below market for units with similar interiors.
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Under Managed

This property is in need of a maintenance and management overhaul. The current team has missed many opportunities to maximize resident experiences and drive value.
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Current Condition

Many units need rejuvenation. Some have not been touched in 20+ years.

The grounds, exteriors, pool, etc need more focus to reach the fullest potential.

Planned

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Increase Rent to Market

Renovate units to raise rents ~$300+ to meet market rate for renovated units.
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Managed to Excellence

Our experienced management team will upgrade the resident demographic and provide better customer service to tenants.
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Update Units

Renovations will include a partial upgrade of bathrooms, lighting, granit countertops.
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Other Updates include

Pool upgrade, new signage, pressure washing, deferred maintenance, HVAC servicing/upgrades.

Investor Requirements

The SEC requires that all investors qualify as an accredited investor

Not sure if you're accredited? Click here.
If you meet JUST ONE of the criteria below, then congratulations, you’re accredited and able to invest!

  1. With Income – You must have income that exceeds $200,000 per year (OR) You can elect to combine incomes to $300,000 per year if married.
  2. With Net Worth – Individual (OR) combined net worth > $1M
  3. Other Criteria – The SEC provides other ways an investor can qualify as accredited. Click here for more info.

Pre-Register for the LIVE Webinar

Don’t miss out on the great opportunity to invest in an excellent value-add multifamily community in a top-performing market. Complete the form below to register for the webinar and get your questions answered on the live Q&A.

We Are Multifamily Investment Professionals

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Experienced

With a combined 100+ years of experience and $300MM in closed multifamily transactions, we have the subject matter expertise, key relationships, and proven track record to execute profitable deals.

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Conservative

We are opportunistic investors focused on creating long term value. We stress test our deals and use leverage carefully to create sustainable cash flow and limit our risk.

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Diligent

Closing a deal, while challenging, is the easy part. Executing on the business plan is the hard part. It takes perseverance and persistence to achieve what we set out in our underwriting, and our team strives to knock it out of the park every time.

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