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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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