Aspire

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1830 Bandera Rd | San Antonio, TX 78228

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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. © 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.

Cameron Hart

Director cameron.hart@berkadia.com 512.226.8708

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250 W Nottingham, Suite 120 San Antonio, TX 78209

san antonio OFFICE

Berkadia’s Multifamily Investment Sales Team is pleased to announce the exclusive listing of Aspire, a 335-unit garden-style apartment community located in San Antonio, Texas. Built in 1989, Aspire is strategically located on Bandera Road, which is one of the most trafficked thoroughfare in the North West submarket. The property has exceptional drive-by visibility to the 29,325 vehicles that pass the 10-acre site daily. Current ownership has repositioned this asset into what is now the “best-in-class” property within this submarket, having executed a transformational renovation in excess of $5M that included major exterior ($2.2M) improvements and the successful implementation of an upscale interior ($3.4M) value-add program that led to rental increases of over $100 per renovated unit. With its favorable locational attributes and proven value-add potential, Aspire offers an investor the opportunity for future rent growth, long-term stability and value appreciation. Aspire is being offered both All Cash and as a Loan Assumption.

THE OFFERING

Strategically located in Woodlawn Hill, a seasoned neighborhood of San Antonio, Aspire is situated in the heart of this stabilized submarket which sits between the expanding Medical District, Downtown and Joint Base San Antonio.The property receives over 30,000 vehicles per day via Bandera Road and the property adjacent roadways. This vehicles per day count rivals that of the immediate Loop 410 but is dwarfed by I-10’s 200,000 vpd of which, the property benefits the most by their intersection less than 5 miles north of the property and the surrounding Woodlawn Hills. According to the Bureau of Labor Statistics San Antonio’s steadily rising 5.8% job growth, is easily capitalized by the properties central location. The property has quick access to major highways Loop 410 and Interstate highway 10 which provide access to Forbes’ “Best of” employers like H-E-B (145,000 employees), USAA Headquarters (36,000 employees), Valero World Headquarters (9,743 employees), South Texas Medical Center (30,000+ employees). Major attractions nearby are Six Flags Fiesta Texas, Ingram Park Mall (1.12M SF), La Cantera (1.3M SF) and the Rim (2.4M SF), and the city’s central business and tourist destination, Downtown San Antonio. Additionally, educational opportunities continue to grow in and around the submarket. Established universities, St. Mary’s University and the University of Texas at San Antonio, continue to expand their programs to support the city’s demand for first generation and Latinx graduates.

• High Traffic Bandera Road Frontage • Near San Antonio’s Largest Employers • Heavy Capital Infusion / Transformational Rehab Complete • Infill Asset in Strong Working-Class Submarket • Full Community Amenity Package

Cody Courtney

Senior Director cody.courtney@berkadia.com 210.377.1219

Will Caruth

Senior Director will.caruth@berkadia.com 210.377.2768

Mike Miller

Managing Director mike.miller@berkadia.com 210.377.1535

INVESTMENT SALES