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THE FOUNTAINS AT BONITA CREEKLuxury Living in South Texas

Offering Memorandum

NON-ENDORSEMENT & DISCLAIMER NOTICE

CONFIDENTIALITY & DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by

the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of

Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to

establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the

income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the

property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal

regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s

plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained

from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained

herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever

regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the

information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

© 2017 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this

marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or

endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of

Marcus & Millichap, and is solely included for the purpose of providing tenant lessee

information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

TO SCHEDULE A SHOWING, PLEASE CONTACT:

KENT MYERS - (512) 338-7853 OR [email protected]

THE FOUNTAINS AT BONITA CREEK1 2 7 0 W . O A K L A W N R D • P L E A S A N T O N , T X • 7 8 0 6 4

EXCLUSIVELY LISTED BY

O F F I C E S N AT I O N W I D E A N D T H R O U G H O U T C A N A D A

WWW.MARCUSMILLICHAP.COM

Kent MyersFirst V ice President Investments

Myers Mult i family of Marcus & Mil l ichapAustin, TX

Direct 512.338.7853kent.myers@marcusmil l ichap.com

License: TX 0561047

07

3515

29EXECUTIVE SUMMARYInvestment Overview • Investment Highlights

Summary of Terms

MARKET OVERVIEWLocation Overview • Location Highlights • City Overview

Demographic HighlightsPROPERTY DESCRIPTIONProperty Details • Amenities

RENT COMPARABLESRent Comparables Summary • Rent Comparables Details

TABLE OF CONTENTS

PRESENTED BY

THE FOUNTAINS AT BONITA CREEK

23 FINANCIAL ANALYSISRent Roll • Operating Data • Operating Statement

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, as-sumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate

Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0000000

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EXECUTIVE SUMMARYTHE FOUNTAINS AT BONITA CREEK

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INVESTMENT OVERVIEW

The Fountains at Bonita Creek is an 84-unit, luxury garden-style apartment community located in the city of Pleasanton, Texas. Built in

2017, the property consists of three-story apartment buildings constructed of wood frame and stucco with masonry accents and pitched roofs.

The Fountains at Bonita Creek offers a mix of three spacious floor plans consisting of one-bedroom/one-bathroom units measuring 775 square

feet each, two bedroom/two-bathroom units measuring 1,135 square feet each, and three-bedroom/three-bathroom units measuring 1,326

square feet each, with a community average unit size of 1,059 square feet.

The Fountains at Bonita Creek is gated, well-maintained, and landscaped with mature trees, trimmed bushes, and a grassy courtyard

area. The property’s numerous community amenities include: a resident entertainment room with fully equipped kitchen, billiard table, and

flat-screen TVs; a business center with high-speed internet, fax, and copier; an internet café with coffee bar; a state-of-the-art fitness center;

a resort-style swimming pool; a poolside cabana area with wireless internet; an outdoor kitchen with gas grill; and covered parking spaces.

Corporate units are also available.

The well-appointed, energy-efficient apartment homes feature spacious rooms with nine-foot ceilings,

granite countertops, brushed-nickel hardware, garden-style bathtub, ceiling fans, computer niche, oversized

walk-in closets, and private patios/balconies with French doors and outside storage. The gourmet kitchens

are fully-equipped with designer stainless-steel appliances and pantry space. Select units offer ceramic tile

flooring, an island in the kitchen area, crown molding accents, and full-size washer/dryer.

The Fountains at Bonita Creek is located in the city of Pleasanton, part of the San Antonio – New

Braunfels Metropolitan Statistical Area in south Texas. Pleasanton is conveniently located thirty miles south

of San Antonio with Corpus Christi 110 miles southeast and Austin 110 miles northeast. Thanks to a low cost

of living and a high quality of life, Pleasanton’s economy is thriving, and its population is expanding. The

Fountains at Bonita Creek is a quiet, suburban property closely surrounded by employment opportunities,

a strong retail presence, and recreational activities. Within just a couple miles, residents can find an H-E-B,

Walmart, the Atascosa River Park, and much more. A best-in-class asset, this unique offering provides inves-

tors long term stability with upside potential and long-term value appreciation.

>16% PROJECTED GROWTH IN THE AREA BETWEEN 2018-2022

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► Class A New Construction

► Luxury Community Amenities

► Shopping and Restaurants Close By

► Dynamic Greater San Antonio Market

► Low Cost of Living

► Rapidly Expanding Population

INVESTMENT HIGHLIGHTS

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SUMMARY OF TERMS

INTEREST OFFEREDMarcus & Millichap has been selected to exclusively market for sale The Fountains at Bonita Creek, a luxury apartment complex

located in Pleasanton, Texas.

TERMS OF SALEThe Fountains at Bonita Creek is offered on an Open Bid basis free and clear of existing debt. The net operating income figures

for the property assume a fiscal year starting 2018. Historical operating documentation, third party reports and Financial model

can be found in the online document data portal.

PROPERTY TOURSProspective purchasers are encouraged to visit the subject property prior to submitting offers. However, all property tours must be

arranged with Kent Myers. Please do not contact the tenants, on-site management or staff without prior approval. At no time shall

the tenants, on-site management or staff be contacted without prior approval.

CLASS A CONSTRUCTION WITH FIRST-CLASS FINISHES

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PROPERTY DESCRIPTION


INVESTMENT OVERVIEW Year Built 2017

Number of Units 84

Total Square Feet 88,992

Average Unit Size 1,059 SF

Site Size 7.18 Acres

Density 11.70 Units/ Acre

PARKING

Number of Spaces 255 Open Surface Covered Parking Available for $25Parking Ratio 1.5 Spaces/ Unit

PERSONNEL

Manager Third Party

LEASING FEES

Application Fee $50

No Administration Fee

Security Deposit $300-500

Pet Fees $300 Deposit ($150 Non-Refundable) $10 Monthly Rent Pet Policy Weight and Breed Restrictions Apply

SCHOOL INFORMATION

Pleasanton ISD 3,549 Students

Pleasanton Primary School

Pleasanton Elementary School

Pleasanton Junior High School

Pleasanton High School

UTILITIES Water/Sewer Submetered, Billed Back to Residents

Electric Resident Responsible

Phone/Cable/Internet Resident Responsible

CONSTRUCTION Style Wood Frame & Stucco With Masonry Accents

Roofing Pitched

Number of Buildings 4

Number of Stories 3

TAX INFORMATION Tax Valuation $6,500,000

Tax Rate 2.600309%

PROPERTY DETAILSTHE FOUNTAINS AT BONITA CREEK • 1270 W. OAKLAWN RD • PLEASANTON, TX • 78064

LAUNDRY

Full-Size Washer/ Dryer Connections in All Units

Can Rent Washer/ Dryers For $55/month

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The Fountains at Bonita Creek

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UNIT AMENITIES

► Designer Stainless Steel Appliances

► Granite Counter Tops

► Kitchen Pantries

► Ceiling Fans

► Oversized Walk-In Closets

► Garden-Style Bath Tubs

► Private Patios/Balconies with French Doors

► Energy Efficient Design

► Fantastic Country Views

COMMUNITY AMENITIES

► Fully Gated Community

► Resort-Style Swimming Pool & Poolside Cabana

► Outdoor Kitchen with Gas Grill

► Entertainment Room with Fully Equipped Kitchen,

Billiards Table, and Multiple Flat-Screen Televisions

► Internet Café with Coffee Bar

► Business Center with High-Speed Internet, Fax, and Copier

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A LIFESTYLE OF COMFORT AND CONVENIENCE

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MARKET DRIVERS

► ENERGY AND PETROCHEMICAL SECTOR: The Eagle Ford Shale Play and other gas and oil

deposits attract major energy and petrochemical companies to the area.

► SAN ANTONIO MSA: The metro’s diversified economy benefits Pleasanton in many ways.

AREA AMENITIES

► STRATEGIC LOCATION: Pleasanton residents are only thirty minutes from San Antonio’s lively

downtown and all the attractions the big city has to offer.

► BEAUTY: The area is known for its big, beautiful live oak trees.

► HISTORY/CULTURE: Coining itself as the “Birthplace of the Cowboy”, Pleasanton is full of

historical markers reminiscent of the bountiful cattle town it once was.

► Tourism- Over 20 million tourists visit San Antonio and its attractions annually, contrib-

uting substantially to the city’s economy with tourism employing an estimated 94,000

people with an economic impact of over $10.7 billion in the local economy.

► Military- Known as “Military City USA”, San Antonio is home to one of the largest military

concentrations in the nation with an overall employment of 89,000 people within the

three military installations comprising Joint Base San Antonio (JBSA) – Fort Sam Hous-

ton, Lackland Air Force Base, and Randolph Air Force Base.

► Business- The city is home to six Fortune 500 companies- Valero Energy Corp, Tesoro

Corp, USAA, iHeartMedia, Nustar Energy, and CST Brands- as well as the headquarters

for H-E-B, the 14th-largest private company in the United States.

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JUST 30 MINUTES FROM LIVELY DOWNTOWN SAN ANTONIO

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FINANCIAL ANALYSIS


RENT ROLL SUMMARY

UNIT TYPE# OF

UNITSAVG SQ

FEETAVG RENT

AVG RENT/ SQ FT

MONTHLYINCOME

1 Bd / 1 Ba 24 775 $949 $1.22 $22,776

2 Bd / 2 Ba 48 1,135 $1,229 $1.08 $58,992

3 Bd / 2 Ba 12 1,326 $1,475 $1.11 $17,700

Totals/Weighted Averages 84 1,059 $1,184 $1.12 $99,468

Gross Annualized Rents $1,193,616

Unit Distribution Unit Rent

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OPERATING DATAINCOME CURRENT YEAR 1

Gross Scheduled Rent $1,193,616 $1,212,480

Less: Vacancy/Deductions 7.0% $83,157 8.1% $98,190

Total Effective Rental Income $1,110,459 $1,114,290

Other Income $145,482 $145,482

Effective Gross Income $1,255,941 $1,259,772

Less: Expenses 34.3% $430,521 38.6% $486,226

Net Operating Income $825,420 $773,546

Cash Flow $825,420 $773,546

Debt Service $483,139 $483,139

Net Cash Flow After Debt Service 13.69% $342,281 11.62% $290,406

Principal Reduction $110,652 $116,314

Total Return 18.12% $452,933 16.27% $406,720

EXPENSES CURRENT YEAR 1

Real Estate Taxes $169,020 $169,020

Insurance $35,214 $25,000

Utilities - Electric $31,799 $31,799

Utilities - Water & Sewer $20,987 $20,987

Repairs & Maintenance $12,456 $37,800

Landscaping $1,350 $1,350

Marketing & Advertising $1,373 $1,373

Payroll & Payroll Taxes $72,810 $72,810

Alarm Monitoring/Inspection $6,506 $6,506

General & Administrative $13,167 $13,167

Misc. Expenses $2,317 $2,317

Operating Reserves $21,000 $21,000

Management Fee $42,522 $44,092

Total Expenses $430,521 $486,226

Expenses/Unit $5,125 $5,788

Expenses/SF $4.84 $5.46

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OPERATING STATEMENT

INCOME CURRENT YEAR 1 NOTES PER UNIT PER SF

Gross Potential Rent 1,193,616 1,193,616 14,210 13.41

Loss/ Gain to Lease 18,864 1.6% [1] 225 0.21

Gross Scheduled Rent 1,193,616 1,212,480 14,434 13.62

Physical Vacancy (45,591) 4.7% (60,624) 5.0% [2] (722) (0.68)

Economic Vacancy

Concession (37,566) 3.1% (37,566) 3.1% (447) (0.42)

Total Vacancy ($83,157) 7.0% ($98,190) 8.1% ($1,169) ($1)

Economic Occupancy 93.03% 91.90%

Effective Rental Income 1,110,459 1,114,290 13,265 12.52

Other Income

Utility Bill-Back 38,434 38,434 458 0.43

All Other Income 107,048 107,048 1,274 1.20

Total Other Income $145,482 $145,482 $1,732 $1.63

Effective Gross Income $1,255,941 $1,259,772 $14,997 $14.16

NOTES ► [1] Gain to lease is based on the July 31 rent roll annualized.

► [2] Year one vacancy is 5.0% for market underwriting standards.

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EXPENSES CURRENT YEAR 1 NOTES PER UNIT PER SF

Real Estate Taxes 169,020 169,020 [3] 2,476 2.34

Insurance 35,214 25,000 [4] 298 0.28

Utilities - Electric 31,799 31,799 379 0.36

Utilities - Water & Sewer 20,987 20,987 [5] 250 0.24

Repairs & Maintenance 12,456 37,800 [6] 450 0.42

Landscaping 1,350 1,350 16 0.02

Marketing & Advertising 1,373 1,373 16 0.02

Payroll & Payroll Taxes 72,810 72,810 867 0.82

Alarm Monitoring/Inspection 6,506 6,506 77 0.07

General & Administrative 13,167 13,167 157 0.15

Misc. Expenses 2,317 2,317 [7] 28 0.03

Operating Reserves 21,000 21,000 [8] 250 0.24

Management Fee 42,522 3.5% 44,092 3.5% 525 0.50

Total Expenses $430,521 $486,226 $5,788 $5.46

Expenses as % of EGI 34.3% 38.6%

Net Operating Income $825,420 $773,546 $9,209 $8.69

► [3] Proforma tax value is based on 80% of the proposed sale value by the Atasocsta county mil rate of 2.600309.

► [4] Insurance is a quote from a broker. Current value includes builders liability.

► [5] Water is net of tenant reimbursement.

► [6] $450 per unit per annum is used to represent a stabilzed operation.

► [7] Includes postage, dues and subscriptions, background checks, & advertising and promotion.

► [8] $250 per unit per annum is assumed for agency execution.

OPERATING STATEMENT

NOTES

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RENT COMPARABLES


PROPERTY NAMEDISTANCE

FROM SUBJECT

YEAR BUILT

AVG SFAVG

RENTAVG RENT

PER SFOCCUPANCY

The Fountains at Bonita Creek1270 W. Oaklawn Rd, Pleasanton, TX, 78064

2017 1,059 $1,184 $1.12 100%

*Chaparral Place Corporate Apts1121 W. Oaklawn Rd, Pleasanton, TX, 78064

.4 mi 2013 869 $1,338 $1.55 93%

The Haven701 Oakhaven Rd, Pleasanton, TX, 78064

.8 mi 1983 875 $867 $1.00 **70%

Eagle View830 Stadium Dr, Pleasanton, TX, 78064

1.4 mi 1970 756 $750 $1.00 100%

*Eagle Heights375 Airport Rd, Pleasanton, TX, 78064

2.4 mi 2016 918 $1,376 $1.51 93%

Averages 895 $1,103 $1.24

RENT COMPARABLES – SUMMARY

* Corporate-Leased Apartments**Complex Under Renovation

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EAGLE HEIGHTS

CHAPARRAL PLACE CORPORATE APTS

THE HAVENThe Fountains at Bonita Creek

4

EAGLE VIEW

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CHAPARRAL PLACE1121 W. Oaklawn Rd, Pleasanton, TX, 78064

THE FOUNTAINS AT BONITA CREEK270 W. Oaklawn Rd, Pleasanton, TX, 78064

1

RENT COMPARABLES

84 TOTAL UNITS

2017 YEAR BUILT

WTD. AVG 1,059 $1,184 $1.12 WTD. AVG 869 $1,338 $1.55

UNIT TYPE SQFT RENT RENT/SF

1x1 775 $949 $1.22

2x2 1,135 $1,229 $1.08

3x2 1,326 $1,475 $1.11


1x1 742 $1,125 $1.52

2x2 995 $1,550 $1.58

60 TOTAL UNITS

2013 YEAR BUILT

*All Units Fully Furnished & All Bills Included

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EAGLE VIEW830 Stadium DrPleasanton, TX, 78064

THE HAVEN701 Oakhaven RdPleasanton, TX, 78064

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56 TOTAL UNITS

1983 YEAR BUILT

WTD. AVG 875 $867 $1.00


1x1 675 $750 $1.11

2x1 875 $850 $0.97

3x1 1,075 $1,000 $0.93

EAGLE HEIGHTS375 Airport RdPleasanton, TX, 78064

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1x1 675 $700 $1.04

2x1 837 $800 $0.96


1x1 773 $1,240 $1.60

1x1 881 $1,320 $1.50

1x1 892 $1,350 $1.51

2x2 1,124 $1,600 $1.42

WTD. AVG 756 $750 $1.00

40 TOTAL UNITS

1970 YEAR BUILT

88 TOTAL UNITS

2016 YEAR BUILT

*All Bills Included

WTD. AVG 918 $1,376 $1.51

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MARKET OVERVIEWTHE FOUNTAINS AT BONITA CREEK

LOCATION OVERVIEW

Famous for their “Live Oaks and Friendly Folks”, Pleasanton, Texas is one of the most beautiful

small towns in south Texas. Pleasanton is situated at the juncture of the Atascosa River and Bonita Creek

in Atascosa County. The city is conveniently located on Oaklawn Road (Texas Highway 97), one of the

primary arterials in Pleasanton and enjoys easy access to major thoroughfares including US-281 and In-

terstate 37, which connect residents to the numerous dining options, shopping destinations, employment

centers, and entertainment venues in Pleasanton as well as San Antonio, just 30 miles to the north.

Pleasanton is a great place to work, live and play where metropolitan amenities blend with small

town hospitality and values. One can dive into the rich history of the old cowboy town at the Longhorn

Museum or the city’s impressive public library. Enjoying a comfortable annual temperature of 70 degrees,

residents of Pleasanton love to enjoy the outdoors at the beautiful Atascosa River Park. The town comes

alive every year with several parades and events, including a chili cook-off, fiddler’s contest, carnival, and

most notably, the Cowboy Homecoming Parade. Residents of Pleasanton can also easily enjoy the number

of attractions San Antonio has to offer such as the San Antonio Zoo, Tower of the Americas, or the Alamo.

Energy-sector activities play a significant part in driving Pleasanton’s economy. The area sits atop the Eagle Ford

Shale and is almost entirely in the liquids-rich or oil window in the southern and eastern portions of the Atascosa County.

The mining/quarrying/oil/gas extraction industries employ twenty-eight times more than people than what would be expect-

ed in a location this size.

Pleasanton is a city in the San Antonio – New Braunfels Metropolitan Statistical Area that covers an eight-county

region with nearly 2.4 million residents, making it the third-largest metro in Texas and the 25th-largest in the nation. It is also

the second-fastest growing major metropolitan area in the state after Austin. San Antonio has a diversified economy with

a metropolitan Gross Domestic Product of approximately $96.8 billion and its economy is focused primarily within military,

health care, government civil service, financial services, oil and gas, and tourism sectors.

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► Conveniently Located 30 Miles South of San Antonio

► Highly Visible Location with Proximity to Interstate 37 & US-281

► Small Town Hospitality with Metropolitan Benefits

► Business-Friendly

► Abundance of Recreational Activities

► Sits Atop the Eagle Ford Shale

LOCATION HIGHLIGHTS

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LOCAL ATTRACTIONS

► H-E-B 1 Mile from site

► Chili’s Grill & Bar 1.4 Miles from site

► Walmart 1.3 Miles from site

► Atascosa River Park 1.3 Miles from site

► Plestex Theatre 1.5 Miles from site

► Pleasanton ISD Schools 1.3 Miles from site

► Coastal Bend College 2.1 Miles from site

► Methodist Hospital South 2 Miles from site

► Longhorn Museum 2.9 Miles from site

RETAIL & RESTAURANTS

PARKS & RECREATION

SCHOOLS & HOSPITALS

LANDMARKS

Methodist Hospital South

Walmart

Chili’s Grill & Bar

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Chili’s Grill & Bar

Pleasanton ISD Schools

H-E-B

Coastal Bend College

Longhorn Museum

Atascosa River Park

Plestex Theatre


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SAN ANTONIO OVERVIEW

The San Antonio metro is located in the southern portion of central Texas,

covering 412 square miles and straddling the Interstate 35 Corridor, one of

the fastest-growing areas in the state. The metro encompasses eight counties:

Bandera, Atascosa, Kendall, Comal, Bexar, Guadalupe, Medina and Wilson.

Situated only 145 miles from Nuevo Laredo, Mexico, San Antonio is an easy

drive on Interstate 35 from the border and serves as a major gateway between

the United States and Mexico. The area is further enhanced by an extensive

transportation network that provides shipping options to domestic and inter-

national markets as well as the Eagle Ford Shale formation that runs through

Atascosa and Wilson counties. San Antonio is the most populous city in the

metro, housing more than 1.4 million residents.

STRONG POPULATION GROWTHThe metro is maintaining population growth and household formation well above the national level and generating the need for housing options.

ROBUST JOB CREATIONMore than 47,000 jobs are expected to be created though 2022. Many positions will be related to Eagle Ford, one of the largest oil and gas developments in the world.

METRO HIGHLIGHTS

LOW COST OF LIVINGMore affordable home prices compared with other nearby markets and no state personal income tax contribute to a lower the cost of living.

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► The economy is anchored by the industries of healthcare, tourism and national defense.

► The Eagle Ford Shale deposit has contributed to the diversification of jobs into the energy

sector. Valero’s corporate headquarters are here, as well as NuStar Energy, Halliburton, NOV,

Baker-Hughes and Tesoro.

► Lackland Air Force Base, Randolph Air Force Base, Fort Sam Houston and Camp Bullis are

among the many military installations located in the metro.

► An important component of the healthcare industry is South Texas Medical Center, a

conglomerate of hospitals, clinics and research and higher-education facilities.

ECONOMY

MAJOR AREA EMPLOYERS

South Texas Medical Center

USAA

Wells Fargo

Baptist Health System

Southwest Research Institute

Methodist Healthcare System

JPMorgan Chase

Christus Santa Rosa Health System

Toyota Motor Manufacturing Texas

H-E-B

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► The metro is expected to add nearly 177,500 people through 2022, resulting

in the formation of roughly 88,400 households.

► A relatively youthful population contributes to a homeownership rate of 63

percent, which compares with the national rate of 64 percent.

► Roughly 26 percent of residents age 25 and older hold a bachelor’s degree; of

those residents, 9 percent also have earned a graduate or professional degree.

DEMOGRAPHICS

QUALITY OF LIFECulture and history abounds in such places as La Villita, the Spanish Governor’s Palace, San

Fernando Cathedral, Jose Antonio Navarro State Historical Park and the Alamo. Tradition

blends with more modern attractions, such as the River Walk, a 2.5-mile stretch of parks,

cafes, nightclubs and hotels. New upscale apartments are being built along the walk, bringing

more residents into the city. The metro is also home to numerous sporting events and teams,

including the NBA’s San Antonio Spurs, the AHL’s Rampage and AA baseball’s Missions.

Arena football is offered by the San Antonio Talons, and the University of Texas San Antonio

Roadrunners play NCAA Division 1 football. Art enthusiasts can visit many museums and cul-

tural centers in San Antonio.

SPORTS

EDUCATION

ENTERTAINMENT

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SAN ANTONIO METRO AREA

2Q17 – 12 MONTH PERIOD

EMPLOYMENT

increase in total em-ployment Y-O-Y

► Approximately 19,700 positions

were created over the past 12

months, led by 4,300 jobs generat-

ed in the construction sector and

an additional 3,700 workers in

trade, transportation and utilities.

► Unemployment in the metro

declined 50 basis points to 3.4

percent during the first quarter of

2018, remaining below the nation-

al rate by 70 basis points.

CONSTRUCTION

units completed Y-O-Y

► Of the 1,600 apartments complet-

ed during the first quarter of 2018,

approximately 770 were brought

online in the area near Interstate

10 and Loop 1604.

► Nearly 8,300 units were underway

at the end of March, and though

deliveries will remain concentrated

in Far Northwest and West San

Antonio this year, construction is

rising in Southwest and Central

San Antonio.

VACANCY

basis point increase in vacancy Y-O-Y

► Apartment vacancy has been on

the rise for the past two years,

reaching 7.6 percent in the first

quarter of 2018. One year ago,

the rate increased 50 basis points.

► Vacancy is highest in Class C

properties, resting at 7.7 percent

in March. The rate rose nearly

200 basis points over the past

two years, for the largest advance

among property classes.

RENTS

increase in effective rents Y-O-Y

► Rent growth remained steady over

the past year, with the average

effective rent rising to $936 per

month in the first quarter of 2018.

► Class C rent growth during the

past 12 months was the strongest

among property classes, with the

average rate rising 8.1 percent

year over year to $789 per month.

1.9% 7,400 70 2.9%

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DEMOGRAPHICS HIGHLIGHTS

10,120

$59,646 $134,700

POPULATION

MEDIAN HOUSEHOLD INCOME MEDIAN PROPERTY VALUE

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POPULATION 1 MILE 3 MILES 5 MILES

2022 ProjectionTotal Population

2,957 11,388 16,778

2017 EstimateTotal Population

2,902 11,048 16,191

2010 CensusTotal Population

2,701 10,312 15,193

2000 CensusTotal Population

2,233 9,346 13,766

Daytime PopulationsTotal Population

2,893 10,422 14,335

HOUSEHOLDS 1 MILE 3 MILES 5 MILES

2022 ProjectionTotal Households

1,118 4,223 6,188

2017 EstimateTotal Households Average (Mean) Household Size

1,056

2.61

3,980

2.69

5,793

2.72

2010 CensusTotal Households

982 3,734 5,473

2000 CensusTotal Households

836 3,322 4,775

Growth 2015 - 2020 5.87% 6.11% 6.82%

HOUSING UNITS 1 MILE 3 MILES 5 MILES

Occupied Units

2021 Projection 1,118 4,223 6,188

2016 Estimate 1,077 4,134 6,080

Owner Occupied 669 2,650 3,998

Renter Occupied 388 1,330 1,795

Vacant 21 154 287

Persons In Units

2016 Estimate Total

Occupied Units1,056 3,980 5,793

1 Person Units 28.41% 25.25% 24.84%

2 Person Units 29.45% 31.36% 30.97%

3 Person Units 16.19% 16.16% 16.64%

4 Person Units 14.39% 14.07% 13.78%

5 Person Units 6.53% 7.69% 7.89%

6+ Person Units 5.02% 5.45% 5.87%

HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES

2017 Estimate

$200,000 or More 4.62% 4.52% 4.83%

$150,000 - $199,000 5.44% 3.31% 2.98%

$100,000 - $149,000 15.44% 13.26% 12.73%

$75,000 - $99,999 11.13% 10.83% 10.35%

$50,000 - $74,999 24.50% 24.73% 25.48%

$35,000 - $49,999 12.54% 11.36% 12.20%

$25,000 - $34,999 9.65% 8.30% 8.43%

$15,000 - $24,999 9.11% 9.82% 9.66%

Under $15,000 7.58% 13.87% 13.33%

Average Household Income $84,429 $77,996 $78,851

Median Household Income $59,337 $55,881 $55,600

Per Capita Income $31,451 $28,332 $28,412

HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES

Population By Age

2017 Estimate Total Population 2,902 11,048 16,191

Under 20 28.07% 28.91% 28.77%

20 to 34 Years 19.52% 19.10% 19.17%

35 to 39 Years 5.76% 6.29% 6.36%

40 to 49 Years 11.40% 11.55% 11.79%

50 to 64 Years 15.93% 17.75% 17.78%

Age 65+ 19.31% 16.39% 16.11%

Median Age 37.06 36.57 36.59

Population 25+ by Education Level

2017 Estimate Population Age 25+ 1,909 7,183 10,568

Elementary (0-8) 4.69% 6.89% 7.08%

Some High School (9-11) 9.57% 9.08% 8.80%

High School Graduate (12) 34.75% 35.01% 37.37%

Some College (13-15) 23.37% 22.32% 22.33%

Associate Degree Only 6.12% 5.94% 6.14%

Bachelors Degree Only 12.86% 11.53% 10.24%

Graduate Degree 7.38% 6.74% 5.83%

Population by Gender

2017 Estimate Total Population 2,902 11,048 16,191

Male Population 47.47% 47.91% 48.11%

Female Population 52.53% 52.09% 51.89%

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E X C L U S I V E LY L I S T E D B Y


Kent MyersFirst V ice President InvestmentsMyers Mult i family of Marcus & Mil l ichapAustin, TXDirect 512.338.7853kent.myers@marcusmil l ichap.comLicense: TX 0561047

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