Palmetto Pointe

Palmetto Pointe

View Offering Memorandum and Financials

Offering Summary:

  • Location: San Antonio, TX
  • Year Built: 2020
  • Units: 328

Investment Highlights:

  • Class A asset with top-of-the-line community amenities and unit features.  Developed by renowned Koontz Corporation, this institutional quality asset is recently stabilized after a very quick lease-up of 22 units per month, demonstrating strong demand and good future rent growth potential.
  • Located within the best sub-market for apartment demand in the city. It benefits from a prime location across the street from USAA World Headquarters with 17,000 employees, near the South Texas Medical Center 8 hospitals and 56,000 employees, and proximate to the many other corporate headquarters and high-income job centers along the IH-10 corridor.
  • Located just off heavily-traveled Fredericksburg Road, a primary north-south artery that connects the South Texas Medical Center to USAA and the prolific IH-10 office/retail/restaurant corridor.  This location provides immediate access and mobility to all points in San Antonio.
  • Presents excellent long term rent growth potential due to its core infill location, with limited opportunities for future multi-family development nearby.  New deliveries are diminishing rapidly due to the lack of developable sites in the immediate area.
  • Palmetto Pointe is being offered Free and Clear, allowing the investor to take advantage of today’s historically low interest rate environment.

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