Urban Crest • 1
INVESTMENT SUMMARY
Investment Summary
HFF has been exclusively retained to offer an
opportunity for qualified investors to purchase fee
simple interest in Urban Crest Apartments (the
“Property”), a garden-urban (four-story, surface parked,
elevator served), apartment community located
in San Antonio, Texas. Built in 2015, tenants enjoy a
modernized amenity package and luxurious finishes
unmatched by peer properties in the submarket.
Located in the high performing Northeast submarket,
Urban Crest features a premier infill location situated
among San Antonio’s highest income demographics
and most affluent residential neighborhoods including
Alamo Heights, Terrell Hills, and the adjacent upscale
gated community of Oakwell Farms. In addition,
the Property’s frontage location along the highly
traveled Harry Wurzbach Rd (23,000 VPD) provides
superior visibility and connectivity to Loop 410 and
San Antonio’s largest economic drivers including
Downtown, the Pearl, Fort Sam Houston, the San
Antonio International Airport Business District, and
the San Antonio Military Medical Center (SAMMC).
A standout among its peer properties, Urban Crest
presents investors with the unique opportunity to
purchase a best-in-class apartment community with
a proven lease-up story in one of the most sought
after urban infill locations in San Antonio.
Property Summary
3819 Harry Wurzbach • San Antonio • Texas 78209
Number of Units
Rentable SF
Average Unit Size
Urban Crest • 2
232
190,249 SF
820 SF
Land Size
5.84 Acres
Buildings
Two
Year Built
2015
Occupancy
85%
Urban Crest • 3
San Antonio
International
Airport
DESIRED LOCATION
• Superb visibility along well traveled Harry
Wurzbach Road with an impressive 23,000 VPD
• Situated just south of Loop 410 and north of
Austin Highway with excellent connectivity
to IH-35, US 281 and key destinations
throughout the city
San Antonio
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igh
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• Preferred northeast submarket location continues to drive rent growth and renter
demand
• Proximity to San Antonio’s wealthiest pocket of
residents and prestigious neighborhoods (“the
bubble”) attracts an affluent renter profile to
Urban Crest
Joint Base San Antonio
Fort Sam Houston
Downtown
Investment Highlights
UNMATCHED AMENITY
PACKAGE & FINISHES
• Two Resort-Style Pools
• Two Gourmet Outdoor
Kitchens with Cabanas
• State-of-the-art Fitness Center
• Game Room
• Pet Park
• 9-11’ Ceilings
• In-unit Washers/Dryers
• Resilient Wood-Plank Flooring
• Granite Countertops
• Stainless Steel Appliances
Urban Crest • 4
Urban Crest • 5
Locational Advantages
FORT SAM
HOUSTON/[SAMMC)
DOWNTOWN SAN
ANTONIO
SAN ANTONIO
COUNTRY CLUB
TERRELL HILLS
AVERAGE HOUSEHOLD INCOME $173,279
MEDIAN HOME VALUE: $508,152
TIN
S
U
A
HAR
RY W
URZ
BAC
H
OLMOS PARK
ALAMO HEIGHTS
ALAMO QUARRY
MARKET & VILLAGE
AVERAGE HOUSEHOLD
INCOME $134,714
MEDIAN HOME
VALUE: $424,855
QUARRY
GOLF CLUB
SHOPS AT
LINCOLN HEIGHTS
AY
W
H
HIG
HIN 1 MILE: $85,643
NCOME WIT
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O
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OUSE
H
E
RAG
AVE
RO
AD
(2
3,
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0
LUXURY RETAIL & RECREATION
• Close proximity to high-end retail centers that cater
to the wealthy residents in the area: Alamo Quarry
Market, Quarry Village, Shops at Lincoln Heights, Park
North and North Star Mall featuring major retailers
such as: Whole Foods, Trader Joes, Alamo Draft
House, Nordstrom, Saks Fifth Avenue, Pottery Barn,
and many more
• Direct access to the hike & bike trails of Salado
Creek Greenway as well as a bevy of championship
golf courses including Quarry Golf Club and the San
Antonio Country Club
AFFLUENT RESIDENTIAL
NEIGHBORHOODS
V
• Advantageously located directly across the street
from the upscale, master-planned Oakwell Farms
community
)
PD
OAK PARK/
NORTHWOOD
• Five minute drive to Terrell Hills and Alamo Heights –
home to some of the most historical and prestigious
residences in the city
• Median home values in the area exceed $400,000
with current price tags eclipsing $1 million
OAKWELL FARMS
DRIVE TIMES
AVERAGE HOUSEHOLD INCOME $90,409
MEDIAN HOME VALUE: $360,358
Economic Drivers
DOWNTOWN SAN ANTONIO
• 5M SF office space
• +20,000 employment base
• 31M visitors annually
• $13.4B economic impact of tourism
Urban Crest • 6
FORT SAM HOUSTON
• World’s largest military medical
training facility
• +30,000 military personnel
• Benefitting from +$4B economic impact
of BRAC since 2011
SAMMC
• 8,500 jobs
• 1.5M SF medical facility
• 613-bed capacity
• 80,000 ER visits annually
RACKSPACE WORLD HQ
• +3,300 jobs
• 1.2M SF campus
• $2B revenue (FY ended
12/31/15)
SAT INTERNATIONAL AIRPORT &
410 BUSINESS DISTRICT
• One of strongest employment hubs in the city
• Immediately accessible from the Property
• +5.3 million SF of office space; 100,000+
employees
San Antonio
International Airport
4 MILES
Fort Sam Houston
4 MILES
Rackspace Headquarters
4 MILES
San Antonio Military
Medical Center (SAMMC)
5 MILES
Downtown San Antonio
7 MILES
South Texas
Medical Center
11 MILES
Urban Crest • 7
MULTI-HOUSING
SEAN SORRELL
Senior Managing Director
512.532.1924
[email protected]
MATT POHL
Director
512.532.1929
[email protected]
FORREST BASS
Director
512.532.1964
[email protected]
RYAN MCBRIDE
Associate Director
512.532.1932
[email protected]
SPENCER ROY
Analyst
512.532.1977
[email protected]
DEBT CONTACT
ROBERT WOOTEN
Director
512.532.1925
[email protected]
HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been
obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any
representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square
footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained
herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used
by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information
contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information
contained herein is subject to change.