DB’s Goal is Owning 1,000 San Antonio Units in 24 Months
Multifamily investment firm DB Capital Management has made its way into the San Antonio market with the acquisition of Salado Springs, a 352-unit multifamily community in the north/central part of the city. DB Capital plans to aggressively target multifamily acquisitions in San Antonio.
The Alamo city is third in population growth in the latest U.S. Census and one of the top-performing multifamily markets during the pandemic, according to Brennen Degner, DB Capital co-founder and CEO.
“We are targeting extensive investment in this market with a goal to own 1,000 units in the San Antonio metro in the next 24-months,” says Degner. “Salado Springs is an exceptional garden-style asset that we were able to acquire below replacement cost. We plan to increase value through hands-on property management and an ambitious renovation plan.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.