Forum Capital Provides $18M for San Antonio Apartment Project

Forum Capital Advisors has closed on an $18 million preferred equity investment supporting the development of Tacara at Steubing Heights, a multifamily project in San Antonio, Texas.

Once completed (anticipated in 2025), the project is expected to be comprised of 293 market-rate apartment units. The four-story, elevator-served apartment community will include a variety of floor plan types, including studio, one, and two-bedroom units. The project will also include a dedicated amenities building featuring a clubhouse, resort-style pool with an outdoor lounge, and a pet park.

The project is headed up by Casey Development, LTD. The company touts over three million square feet of office, industrial, retail, multi-family and self-storage real estate developed and acquired over the past 25 years in San Antonio. 

The development is located at the intersection of De Zavala Road and JV Bacon Parkway, within the northwest San Antonio submarket. Tacara at Steubing Heights is approximately a 20-minute drive from downtown San Antonio.