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284 Rental Homes Going Up in San Antonio
With housing prices escalating due to higher interest rates, potential homebuyers are putting off plans to buy. For now, renting a house is the next best option. Houston-based real estate investor Urban Genesis recently started work on a slew of build-to-rent homes in Stone Oak. The project will have a mix of one, two and three-bedroom units and the rents were being targeted at a number 20-40% lower than the cost of buying a similar home.
Called Oasis at Stone Oak, the company has begun work on the 284-unit community. The San Antonio Business Journal reports the firm — working with Connecticut real estate investor Grandview Partners as a strategic partner — recently received a $46.3 million loan from U.S. Bank to help finance the project. A company spokesman said the remainder of the cost of building the homes would be funded from equity.
Addison, Texas-based design firm HEDK Architects is attached to the project.
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Jameson St Apartments
Weatherford, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $5,160,000 No. of Units: 60 Average Occupancy: 98 Year Built: 1973 Building Size: 44700 Sq ft Lot Size: 4.05 Acres No. of Stories: 2 APN: R000047582 No. of Parking Spots: 100 Opportunity Zone: No Price per unit: $86,000 
3801 E MORELAND DR
WESLACO, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Call for offers Price: $7,500,000 No. of Units: 78 Year Built: 2005 Lot Size: 77325 Acres Opportunity Zone: No Price per unit: $96,153
