Project Overview
The Project is a five-level wrap apartment complex in downtown San Antonio, Texas. The 262-unit apartment complex will offer a best-in-class set of community amenities and modern finishes. The Project is located between San Antonio’s Central Business District (“CBD”) and the vibrant Pearl District. The residents of Project will have access to major employment, retail, entertainment, and abundant outdoor recreational opportunities. The San Antonio CBD is a short walk away and offers an employment base of over 140,000 jobs. The site is also only two blocks from San Antonio’s famous Riverwalk path providing convenient access to the Historic Downtown Riverwalk and the Museum Reach areas.
Target Investment Term: 5 Years
Minimum Investment: $100,000
Target IRR: 12.2%
Target Equity Multiple:1 .57x
Project Developer
Stillwater is a fully integrated, private real estate investment company with experience in sourcing, underwriting, developing, acquiring and managing a broad spectrum of real estate products, including multifamily assets. Stillwater GC, LLC, its construction arm, is the general contractor on the Project. Stillwater GC, LLC, has a focus on multifamily assets with emphasis on the fundamental solid construction and production. Stillwater utilizes its full array of investment and operational expertise to focus on value creation while mitigating risk. Stillwater has developed an extensive network of relationships with commercial and investment banks, opportunity funds, institutional investors, operating partners, borrowers, brokerage companies, law firms and other professionals who facilitate the company’s sourcing of proprietary transaction flow. Stillwater takes pride in their dedication to excellence and their promise to deliver properties for those who value quality and integrity.
Are You An Accredited Investor?
To qualify as an “accredited investor” you must:
- Have an individual income of more than $200,000 per year, or a joint income of $300,000 with your spouse, in each of the last two years and reasonably expect to maintain the same level of income for the current year, OR
- Have a net worth exceeding $1 million, either individually or jointly with your spouse, not including your primary residence.
At this time, we are only able to show project information online to accredited investors.