1st Time Investor Picks Up San Antonio Rental Community

Platte Canyon Capital (“PCC”), a newly formed multifamily investment firm, closed its first acquisition with the off-market purchase of Allure Apartments, a 268-unit community in San Antonio, TX. PCC will spend $4.7 million on a capital improvement program. The property was last renovated in 2017.

Located at 7770 Pipers Lane, Allure Apartments features a hybrid vintage composition of 116 units built in 1984 and 152 units constructed in 2017. In the Westover Hills submarket, the property includes a range of one-, two-, and three-bedroom floorplans.  Common area amenities include a swimming pool, fitness center, clubhouse, playground and barbecue areas. 

Platte Canyon Capital launched in January 2025, backed by a $30 million institutional commitment dedicated to funding general partner capital on its investments. PCC remains strategically focused on value-add multifamily acquisitions across key markets in Texas, Colorado, and Utah.