Spice Creek Apartments

Multifamily INVESTMENT

Spice Creek Apartments

Investment lead: Dan Howard | dhoward@29SC.com

MARKET

San Antonio, TX

UNITS

192

YEAR BUILT

1986

DATE ACQUIRED

2013

Disposition Year: 2016

SOLD IRR: 15.3% Multiple: 1.6x

INVESTMENT OVERVIEW

29SC sold Spice Creek Apartments, it was the first acquisition in the San Antonio market. 29SC's Strategy was to replace property management as well as add washer/dryer connections, replace the flooring, and replace the appliances.

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Disclaimer: Nothing in this website is a solicitation or offer to buy any security or service offering of any 29th Street Capital affiliated entity and nothing in this website should be deemed or interpreted to the contrary. In addition, nothing in this website is, or should be deemed or interpreted to constitute, a recommendation to purchase any security or to otherwise participate in any offering of securities. Furthermore, nothing in this website constitutes, or should be deemed or interpreted to constitute, investment advice or any recommended investment strategy. No 29th Street Capital affiliated entity provides investment advice, and its investors are solely responsible for determining whether any particular investment is appropriate under their financial objectives and circumstances.

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