Ashley Oaks

Ashley Oaks

View Offering Memorandum and Financials

Offering Summary:

  • Location: San Antonio, Texas
  • Year Built: 1996
  • Units: 462

Investment Highlights:

  • Institutional Scale in Established North-Central San Antonio: Built in 1985 and 1996 in the Thousand Oaks neighborhood of north-central San Antonio, with direct access to US-281 and Loop 1604
  • Proven Renovation Program with 39% of Homes Still Classic: 284 homes have been renovated. Renovated two- and three-bedroom homes lease $122 per month above the same classic floor plans on in-place leases, leaving 178 classic homes to capture the premium
  • Minutes from the Stone Oak Employment Core: Resident benefit from a quick commute to Methodist Hospital Stone Oak, iHeartMedia’s headquarters, JPMorgan Chase’s San Antonio Corporate Center,  and San Antonio International Airport
  • Positioned to Benefit from Significant Airport-Led Economic Expansion: Currently undergoing a $2.5 billion expansion that is expected to further enhance regional employment, connectivity, and long-term housing demand
  • Attractive Loan Assumption Opportunity: In-place Fannie Mae loan at a 3.19% fixed rate, amortizing on a 30-year schedule and maturing December 2032

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