We paid $100k per unit, and the property right next to this one sold for $137k per unit fairly recently. Yes, that’s almost a 40% discount! What else makes this super exciting is it’s approximately a mile away from another 296-unit complex we already own. We know this area very well and we love it.

This new property is actually quite a bit better than our existing property. For example, the units are larger, they all have fireplaces and washer-dryer hookups, and this property sits on a beautiful lake. San Antonio is one of the best markets in the country to invest in right now, with population and job growth setting records.