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