Contact Us 210.745.3098 info@gl-rea.com
- Located in the heart of Stone Oak
- Capable of delivering as little as 5,000 sf and up to 53,000 sf of class A office space
- Building plans complete and construction ready
Flats at Olmos
Stone Oak Development Site
- Bank foreclosure located in high employment area
- Investment strategy entailed recapitalization to bring units online, increase occupancy and income and resell
- Increased rents by 15% and increased occupancy from 45% to 98% within first year.
- REO acquisition: 30,000 sf. Class A mixed use commercial development in Stone Oak
- Project purchased at approximately 25% of the original cost basis
- Investment strategy entails recapitalization to allow for fast leaseup, sale of the existing buildings upon stabilization, development of the pad sites
- Bank foreclosure located in redevelopment area just North of downtown near San Antonio College
- Investment strategy entailed recapitalization to bring units online, increase occupancy and income and resell
- Increased rents by 20% within the first year
- REO acquisition of a 21,000 sf. retail center in Austin, TX
- Purchased on a potential 16% stabilized cap rate with anticipated exit cap of 8.5%
- Negotiated great seller financing allowing for positive immediate cash on cash return even at 48% occupancy (at time of sale)
Projects
Flats at Tobin Hill
Parmer on the Creek
Stone Oak Centre
Flats at Balcones Heights
- Bank foreclosure property consisting of 76 units located in Olmos Basin surrounded by city parks
- Investment strategy entailed recapitalization to bring units online, increase occupancy and income and resell
- Increased rents by 30% within first year