Investment Summary

Built in 1981, Summer Creek is a garden-style apartment community with tremendous value-add potential, located in the supply constrained North Central submarket of San Antonio, Texas, near four other REEP Properties.

Demand remains robust, evidenced by a positive absorption rate of 1.2% (194 units), signaling sustained renter interest in the area

NEISD-Top Ranked School District: one of San Antonio’s highest-performing districts and a significant local employer.

Excellent Connectivity: to Highway 281, Loop 410, Loop 1604, and downtown San Antonio.

Exceptional Location: strategic proximity to major employers such as the San Antonio International Airport, UTSA, USAA, South Texas Med Center, Whataburger’s headquarters, and Oracle.

Interior Amenities

• In-Unit Washer/Dryer Connections
• Fireplace
• 100% Stainless Steel Appliances
• Large Closets
• Additional Storage

Business Plan

Given the excellent condition of the units, our capital strategy will be to prioritize to the exterior, enhancing curb appeal and elevating amenities. We will focus on improved operational efficiency to drive value, without the risk of overcapitalizing.

• Improve RUBs Capture
• Bring Reserved Parking Fee to Market
• Bring Pet Fee/Rent to Market
• Improve pool area, lighting, landscape and parking lot