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Old 12-23-2007, 12:31 PM
 
925 posts, read 892,987 times
Reputation: 129

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http://www.mysanantonio.com/business/realestate/stories/D_IMAGE.116c3b420b9.93.88.fa.d0.3b42b47b.jpg (broken link)
The Montecristo apartments between U.S. 281 and Stone Oak Boulevard.


http://www.mysanantonio.com/business/realestate/stories/D_IMAGE.116c3b420b9.93.88.fa.d0.3b449d68.jpg (broken link)
The NRP manages the Costa Valencia apartments on U.S. 90 near Lackland AFB

Quote:
The multifamily lifestyle

Apartment living getting more popular in S.A.; supply keeping up

Web Posted: 12/21/2007 05:11 PM CST

Creighton A. Welch
Express-News Business Writer

This past year has proved to be another positive one for the multifamily market in San Antonio, as more people flock to the city and consider the apartment lifestyle. Even the apartment companies are moving here.

United Apartment Group, a Dallas-based apartment management company, likes San Antonio so much the company is moving its headquarters here from Dallas at the beginning of 2008.

"San Antonio's a big market for us," UAG President Tim Settles said. "San Antonio used to be one of those markets that was usually an afterthought. Now, everyone's seeing that San Antonio has been exceeding expectations."

UAG has 80 properties in its portfolio in Florida and Texas, with 25 in San Antonio. The company has 5,000 units in San Antonio and is adding more.

"The number of new projects has been off the charts," Settles said. "But I think San Antonio has managed to hold its own."

In 2006, about 6,000 new units opened in San Antonio; and this year, that number looks to be more like 7,000, said Steve Moore, vice president of multihousing with CB Richard Ellis. About 7,000 units are under construction, including affordable, student and senior housing.

And this construction is happening all across town. The north and northwest continue to see the most new apartments, but construction in the south is picking up, especially near the Toyota plant.
For the entire article click this link:

http://www.mysanantonio.com/business/realestate/stories/MYSA122307.01D.Multifamily.1192f49.html (broken link)

Last edited by Insomniac; 12-23-2007 at 01:09 PM..
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Old 12-23-2007, 01:04 PM
Status: "just keep scrolling then?" (set 13 days ago)
 
14,613 posts, read 31,138,127 times
Reputation: 6656
I miss apartment living..................when the property tax bill comes, it's time to mow, and the filters need changing. Other than that, I'm happy in a house.
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