Silver Creek Apartments is a 160-unit apartment community located near the entrance to USAA’s main headquarters, just west of Fredericksburg Rd, off the I-10 freeway in Northwest San Antonio.
Built in 1983, the property is 94% occupied at acquisition and well maintained for the vintage. This acquisition represents an opportunity to acquire a value-add multifamily asset in a submarket that is expected to see stable rent growth over the next five years, driven by strong employment growth and little new supply. We intend to maximize value through vigilant management and completing exterior property improvements. This asset was acquired on an off-market basis. Sterling Management Company is now the property management company for this apartment community.