HORIZON APARTMENTS
204-Unit Apartment Community | San Antonio, TX
For accredited investors only.
Class C
Investment Type
18 %
Projected IRR
22-23%
Annualize Return
7 %
Preferred Return
HORIZON APARTMENTS Overview
PURCHASE PRICE
$16,900,000
EQUITY REQUIRED
$ 6,600,000
EQUITY MULTIPLE
2.11 X
PRICE /SQFT
$102/sf
PRICE / UNIT
$ 82,843
MIN. INVESTMENT
$ 50,000
PROJECTED AVG. COC
7-8 %
HOLD PERIOD
5 Years
Projected Investor Return
70%
Limited Partner Split
30%
General Partner Split
6.5%
Purchase Cap Rate
6.0%
Exit Cap Rate
22-23%
Annualized Return
7%
Hurdle / Pref Return
7-8%
Avg. Cash Flow
2.38 X
Equity Multiple
Why Invest in HORIZON APARTMENTS
Strong, shorter term investment in a growing market with a reputable team that has successfully closed several similar projects.
Strong Market & Sub-Market
San Antonio ranked #5 in Forbes’s Cities of the Future and secured the #10 ranking for highest forecasted multifamily rent growth. It's also recognized as the 2nd Fastest Growing city in the nation.
Exceptional Buy Basis with Assumable Loan
Our purchase price on this property is around $82K per door, which is about 32% below the $120K per door average sale price for this submarket. It includes an existing Fannie Mae loan at a fixed rate of 3.78%, maturing in 2032.
Proven Sponsorship Team
Dedicated sponsor team with vested interest, substantial liquidity, and extensive experience as GP, KP, and LP. Local seasoned property manager specializing in similar assets to ensure successful execution of the business plan.
Maximized Investment Potential
We are implementing a proven value-add strategy: upgrading interiors and exteriors, with incremental rent increases to follow.
Prime Location Minutes from Major Employers
Minutes from HEB Distribution Center, Frito Lay, Amazon, Caterpillar, Pepsi, and other major employers.
invest with US
NEXT STEPS
This opportunity is available to accredited investors only.
Review and complete the offering documents The offering documents contain pertinent documents such as the PPM and Subscription Agreement
Before proceeding to review and accept your offering documents, please book a call to learn more and clarify any questions you may have.
Wire investment within five (5) business days Investment slots will be offered by priority to those who submit their documents and wire their investment first
IRA Funds are accepted. This may require converting your IRA to a self-directed IRA. Contact us for more information.