We have officially closed Villas De La Cascada! This is our 5th asset in the submarket, and we are on-site today taking over. The team is looking forward to executing our business plan.
Villas de la Cascada is a 268 unit property on the west side of San Antonio.
The unique property has 116 units that were built in 1984, and 152 units that were built in 2017! With a cohesive paint scheme and branding, the property shines as one community.
Our business plan is clean and simple: The 2017 units were recently filled for a ‘lease-up’ (when a developer builds a brand new development and leases up the property at below-market rents to get the units filled quickly). With rents trailing the comparables in the area, we are bringing in our experienced property mgmt team, bringing rents up to market value on the 2017-built units, while upgrading the 1984-built units – bringing those up to market rents as well.
For those of you who got into this opportunity, congratulations! For those of you who didn’t, I apologize, I wish I had room for everyone in every deal, but sometimes it doesn’t work out that way. At one point, I sent a warning email that there were only 2 slots left, and they were literally gone by that evening!
What I can tell you is that I work extremely hard to put your money to work (alongside my own) in solid investments, creating passive income with great tax advantages. This deal will put quarterly checks in our investors’ mailboxes, while they enjoy a stable asset with great management in place.
PS: I have another deal right on the heels of this one, so if you missed out, keep an eye out for that in the coming days. It has a lower minimum investment, and I have room for non-accredited investors.