Co-Invest with Steadfast in a cash-flowing apartment Community in a high-growth market.
Estraya Boerne
A recently constructed, 95% leased apartment community located in the rapidly growing Texas Hill Country near San Antonio, purchased below replacement value with a current cash yield of 6.5% and projected IRR of 13%+ over a five-year term.
Property Highlights
Boerne, TX
Market
San Antonio
Category
Multifamily
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Strategy
Core Plus
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Year Built
2023
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Units
288
Investment Hightlights
Objective
Income
Target Hold Period
5 years
Current Cash Yield
6.5%
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Projected IRR
13.2%
Minimum Investment
$25,000
Ready to Invest?
Go to our investor portal for copies of our Private Placement Memorandum, Subscription Agreement, and to sign up!
Why Invest with Steadfast?
You have the opportunity to co-invest with Steadfast Companies, a 30+ year owner and operator of multifamily properties, which has over this time owned or managed 55,000 units totaling $8 billion+ and invested $1.7 billion of equity on behalf of its investors. Since 1995, Steadfast has achieved a 33.1 o/o average IRR for its fully-realized apartment community investments.
Your investment will be owned and managed by a Steadfast affiliate, headquartered in Irvine, CA, under the direction of CEO Rodney F. Emery, a tenured executive team, and 120 employees across the United States. Steadfast specializes in apartment acquisitions and development in Texas and other high-growth markets. Since 2005, Steadfast has owned 32 properties in TX totaling 1 o, 153 units and has sold 29 of those for substantial profits in total. Steadfast Management Co., Inc, its property management company, manages Estraya Boerne, with on-site employees and an office in the region.
Steadfast principals are maintaining a significant 28% equity stake in the property while offering new LPs like you the opportunity to co-invest with them. Steadfast’s commitment to alignment with investors is unwavering.
A letter from the CEO, Rod Emery
Why we like this opportunity?
- Acquisition price below today’s replacement cost and comparable sales
- Returns: current cash yield of 6.5%, paid quarterly, and a projected IRR of 13%+
- 100% Real Estate Tax Exemption enables accelerated depreciation tax benefits
- Favorable fixed-rate debt provides positive leverage from day one
- Steadfast already derisked the investment: purchased property in August 2024, solved operational issues and leased 95% of the units
- Located in affluent area of rapidly-growing Texas Hill Country, near San Antonio, with a school district rated in top 5% in Texas
- Desirable mix of Market Rate and Affordable Units (80% AMI), allowing for strong occupancy and predicable cashflow
- Steadfast experienced in Texas multifamily ownership and operation, with 32 properties owned since 2005
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Ready to Invest?
Go to our investor portal for copies of our Private Placement Memorandum, Subscription Agreement, and to sign up!
IMPORTANT NOTICE:
This offering has not been registered under the Securities Act and is being made pursuant to one or more exemptions from registrations. This offering is only available to Accredited Investors as defined in Rule 501(a) of Regulation D of the Securities Act.