Best-In-Class, New Construction Suburban Community – Aspire at Live Oak is a well-executed, Class A asset with top-of-the-line community amenities and contemporary unit features.
Outstanding Location in Rapidly Growing Northeast San Antonio – The asset is located within one of the top submarkets for apartment demand, as evident in the asset’s rapid lease-up velocity. The asset also benefits from a prime location proximate to major employers, entertainment, retail, and restaurants, and less than 5 minutes from Live Oak’s Main City Park.
Excellent Visibility and Mobility – Aspire at Live Oak benefits from direct visibility from heavily traveled Loop 1604 and easy access to Interstate 35, a major highway, that connects from San Antonio to Austin.
Strong Performance on Recent Lease Trade-Outs – After an outstanding lease-up period, the asset is highly occupied and experiencing exceptional growth in rents on both new leases and renewals, with 14.5% ($170) trade out on new leases and 13.3% ($157) on renewals, providing an excellent opportunity to a new investor.