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
Stone Oak Development Site
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- 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.
- Located in the Lone Star District in Southtown
- Development to consist of five live/work buildings, a restaurant, and walk up bar
- Project to break ground Q2 2019
- Major developments in close proximity to the site include the redevelopment of the Lone Star Brewery and the redevelopment of a former CPS power plant into an energy innovation center
- 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
1915 S Presa mixed use Development
- 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 acquisition)
Projects
Flats at Tobin Hill
SOLD
Parmer on the Creek
Stone Oak Centre
Twelve26 Townhome Development
- Located in the Lavaca District in Southtown
- Development will consist of 20 townhome and garden style homes
- Project broke ground October 2018
- Southtown has quickly become the sought after market for the urban lifestyle for it's many walkable amenities including a variety of dining and bar options as well as art galleries and museums
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