Disrupt Equity closed on its recent acquisition of Alamo Estates Friday, September 13th, 2019! This acquisition has put Disrupt at 1500 units! Alamo Estates is a 1 to 3 bedroom, 208 unit apartment complex located within the San Antonio market. The asset is strategically positioned near a plethora of thriving employment centers such as Fort Sam Houston, Randolph Air Force Base, Rackspace, and Randolph-Brooks Federal Credit Union (RBFCU). Along with a vast array of employment centers the property is also centrally located to major retailers, restaurants, grocery stores, as well as major highway arteries in San Antonio such as I-35 and I-410 making it easy for tenants to make their way to any part of the city.
Disrupt finds value in the San Antonio Market as it is one of the fastest-growing metros in the country both in jobs and population. San Antonio is facing a sizable economic shift, which is spilling over into the multifamily market. Read more about this economic shift from the Multifamily Housing News.
Along with the assets growing market, Alamo Estates offers a value-add piece that Disrupt Equity looks for in its potential acquisitions. Disrupt Equity plans to drive up the value of the property through strategic exterior updates, as well as updates to the property’s amenity set, all while updating units to a higher level which includes faux stainless appliances, backsplashes, updated lighting/plumbing fixtures and ceiling fans which will help asset to better compete with its comps. The company is excited to execute it’s business plan and improve the performance of the asset.
Stay tuned for what’s next!