For Sale I North Alamo Trio

Executive Summary

Colliers is pleased to present the North Alamo Trio, a value-add portfolio consisting of 152 total units across three multifamily assets strategically located in San Antonio, Texas. The portfolio includes The Village at Turtle Cove (40 units) in North Central San Antonio, The Cache (57 units) in the heart of the Medical Center, and Woodlake Villas (55 units) in Northeast San Antonio—the last of which features assumable debt at a 4.02% fixed rate. 

Given the North Alamo Trio’s desirable submarket locations, operational upside, and renovation potential, the portfolio is ideally positioned for efficient growth in a stable, high-demand rental market. This offering provides immediate scale in a growing Texas market and allows a new owner to increase effective rental rates and realize greater long-term returns, supported by strong fundamentals already in place.

The assets can be acquired as a full portfolio for immediate market presence or individually, allowing investors to select the properties that best align with their investment criteria and return targets.

Investment Highlights

• Rare opportunity to acquire a 152-unit, 3-property workforce housing portfolio in high-growth city
• Immediate scale with significant value-add upside across well-located assets
• In-place rents trail market by $160-$185/unit, offering embedded loss-to-lease upside
• Spacious units (920-975sf) with functional layouts ideal for long-term renters
• Light renovation scope can drive $100-$150/unit rent premiums