Big-dollar investors squeeze into San Antonio s tight housing market
Richard Webner, Contributor
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Out-of-town real estate investment firms, some of them backed by large institutional investors, are snapping up houses across San Antonio to rent or sometimes flip. These firms have acquired multiple properties on the same block on this street, Forest Canyon, in the Canyon Crossing neighborhood.Billy Calzada /Staff Photographer
In 2019, Lennar Homes of Texas finished construction of Escondido North, a subdivision of 334 one- and two-story homes packed onto thin lots in one of the few remaining wedges of undeveloped land within Loop 1604 in Converse.
By the end of the year, all the Northeast Side homes had been sold and it’s easy to see why.
The Top Multifamily Stories of 2020
The apartment industry faced new challenges and demonstrated its strengths in a year of unparalleled turbulence. Dec312020
Image via Pixnio
The apartment industry kicked off 2020 in a position of strength, benefitting from job growth, low interest rates and robust sector fundamentals. Nobody could have predicted the turbulent events of March and April, which saw a global pandemic and public health response that affected billions of lives and brought much of the U.S. economy to a standstill.
Multifamily owners and operators were forced to quickly adapt and innovate in the face of new social distancing guidelines and renters’ strained economic circumstances. But, with the federal government propping up residents with stimulus money and additional unemployment benefits, the industry weathered the storm better than most other commercial property sectors. While major hurdles remain, the resiliency of multifamily has enabled alloc