Jones & Rio

Jones & Rio

View Offering Memorandum and Financials

Offering Summary:

  • Location: San Antonio, TX
  • Year Built: 2018
  • Units: 191

Investment Highlights:

  • Best-in-Class, Core Mid-Rise: Jones & Rio offers 191 exquisitely constructed units with chic interiors and upscale amenities, such as plank flooring, quartz countertops, designer tile backsplash, an infinity-edge pool overlooking the San Antonio River Walk, and a rooftop lounge with stunning downtown and river views.
  • Irreplaceable, Barrier-to-Entry Location: The asset is situated on an irreplaceable site on the San Antonio River Walk and proximate to The Pearl mixed-use development, San Antonio Museum of Art, and downtown San Antonio.
  • Nearby Job Growth: There is currently 821,000+ square feet of class A office space under construction and recently completed within a one-mile radius of Jones & Rio. Notable tenants include Bank of America, Credit Human (HQ), and Jefferson Bank.
  • Future Rent Growth:┬áSan Antonio Class A rents are projected to increase more than all of the Texas metros, due to the decline in units being delivered.
  • Excellent Lease-Up: This superior luxury asset achieved stabilization in 11 months and has averaged 93% occupancy in the trailing six months with no concessions.
  • Jones & Rio benefits from a county tax abatement through 2027 and city tax abatement through 2032.

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