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| The View at Encino Commons Apartment Homes, Stone Oak Area, San Antonio, TX |
CHICAGO, IL – Chicago-based Draper and Kramer,
Incorporated, one of the largest privately held, full-service real estate firms
in the United States, has expanded its presence in the San Antonio market with
the acquisition of The View at Encino
Commons Apartment Homes, a 324-unit rental community in the Stone Oak area
of north central San Antonio, just 17 miles from the city’s central business
district.
Located at 21303 Encino
Commons Blvd., The View at Encino Commons includes 27 two-story residential
buildings with a mix of one-, two- and three-bedroom units, as well as a separate
clubhouse/leasing center.
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| Forrest D. Bailey |
Situated on a hilltop site
overlooking U.S. 281, which provides easy access to downtown San Antonio, the
property is in a popular infill area in proximity to well-regarded schools, a
variety of retail and restaurant offerings, and major employment centers
including the Stone Oak Medical Center.
“With population and job
growth fueling strong absorption rates, San Antonio is an ideal investment
opportunity for us as we broaden our national footprint,” said Forrest D. Bailey, president and CEO of
Draper and Kramer.
“We first entered this
market last year with the acquisition of Sonterra Blue, another rental
community in Stone Oak, and based on our positive experience with that
property, we sought out additional opportunities in the same area to gain
economies of scale.
“ The View at Encino
Commons is a great addition to our San Antonio portfolio with its combination
of a high-demand location and upside potential through the renovation of both
common areas and individual units.”
For more information on
The View at Encino Commons Apartment Homes, call (312) 580-6547 or visit www.draperandkramer.com.
For a
complete copy of the company’s news release, please contact:
Sarah Lyons,
slyons@taylorjohnson.com, (312) 267-4520
Abe Tekippe,
atekippe@taylorjohnson.com, (312) 267-4528
