For Sale I Station at Elm Creek

Executive Summary

Colliers is pleased to present the rare opportunity to assume 3.81%-fixed-rate-debt and acquire Station at Elm Creek, a 322-unit value-add multifamily asset located in one of San Antonio's most resilient and high-growth corridors near the South Texas Medical Center. With a majority of units in classic condition, the asset is primed for a focused renovation strategy—allowing new ownership to drive rent growth, enhance curb appeal, and capitalize on strong in-place cash flow.

Strategically located just minutes from the 900-acre South Texas Medical Center—employing over 60,000 professionals—Station at Elm Creek benefits from deep tenant demand, exceptional connectivity, and proximity to major employers like USAA and UTSA. The submarket features limited new supply, high occupancy, and access to premier retail destinations including The Rim and The Shops at La Cantera.

With powerful market tailwinds and untapped upside, Station at Elm Creek presents a compelling opportunity to achieve outsized returns in a top-tier San Antonio location.

Investment Highlights

Prime Location Adjacent to South Texas Medical Center | Located minutes from the 900-acre South Texas Medical Center, one of the largest medical hubs in the state, employing over 60,000 healthcare professionals, creating steady, year-round rental demand

Convenient Connectivity to Loop 410 & Major Arteries | Excellent connectivity with immediate access to Loop 410, IH-10, and Highway 281, providing residents with short commutes to Downtown San Antonio, USAA, UTSA, and major employment and retail centers

An Established Submarket That Provides Stable Fundamentals | Proximity to major demand drivers in the area help provide consistent rent growth and strong occupancy trends

Low-Rate Assumable Debt | With a low 3.81% fixed rate., this opportunity offers ease of mind to investors in a somewhat volatile debt market

Recent Renovations | With over $881K in capital improvements in place, new ownership can focus future capital on interior renovations and strategic rebranding, directly targeting revenue growth and value creation

Value-Add Opportunity | Station at Elm Creek offers significant upside through interior renovations, operational efficiencies, and rent growth to enhance NOI and overall asset value