SAN ANTONIO - December 18, 2020 - (Newswire.com)
DJE Texas Management Group, a San Antonio-based real estate investment company, today announced the acquisition of Vizcaya Apartments in San Antonio, Texas.
Built in 1983, Vizcaya is a 256-unit garden-style apartment community in North Central San Antonio. Positioned on 9.5 acres along Patricia Road, the property offers superior connectivity to major thoroughfares i10, Loop 410, and Highway 281, facilitating access to the metro’s largest economic drivers. Surrounded by major area employers, the property is less than 10 minutes from nearly 160,000 jobs at The South Texas Medical Center, USAA Headquarters, Valero Headquarters, Oracle, and The San Antonio International Airport. DJE Texas Management Group’s in-house property management team will manage the asset and will execute a value add business plan that includes capital projects and operational improvements that will drive investment excellence.
“The Vizcaya acquisition is a fantastic opportunity to add a stabilized asset to DJE’s ever-growing multifamily portfolio in San Antonio and will continue to provide win-win scenarios for the community and our investors. We look forward to implementing our capital improvement plan in 2021,” said DJE Texas Management Group Principal Devin Elder.
This is the company’s 13th multifamily acquisition in Central Texas, and the purchase of Vizcaya is part of DJE Texas Management Group’s ongoing mission to demonstrate the transformative power that passive investment income can have on the lives of investors, their families and the community. DJE feels that San Antonio’s diverse employer base, employment growth, and positive net migration trend will continue to make it an attractive location for value add multifamily investments.
For more information on DJE Texas Management, call (210) 510-1275.
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Original Source: DJE Texas Management Group Closes 13th Multifamily Investment in San Antonio, TX
