Active
San Antonio,TX
Windcrest
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Property Overview
The Opportunity
BCP's Windcrest portfolio land acquisition consists of two (2) non-contiguous tracts (one retail pad, one industrial site) off of Eisenhauer Rd in the municipality of Windcrest. The industrial site sale hinged on the removal of an outdated restrictive covenant. By executing an extensive neighborhood outreach campaign, BCP successfully garnered a majority of neighborhood signatures to remove the incompatible land use restriction. Upon the vacation of the covenant, the industrial land site immediately sold to a best-in-class national industrial developer. The retail pad is currently under contract.
Competitive Advantage
Lessons Learned
Property Location
Documents & Financials
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Related Articles
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Investment Summary
Property Type:
Land
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Strategy:
Land Entitlements
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Address:
5001 Eisenhauer Rd, Windcrest, TX 78218
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Investment Date:
May 12, 2021
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Investor Preferred Return:
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Property Type:
Land
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Strategy:
Land Entitlements
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Address:
5001 Eisenhauer Rd, Windcrest, TX 78218
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Investment Date:
May 12, 2021
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Disposition Date:
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Loan To Cost Ratio:
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Exit Cap Rate:
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Realized Investor Return:
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Property Type:
Land
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Strategy:
Land Entitlements
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Address:
5001 Eisenhauer Rd, Windcrest, TX 78218
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Investment Date:
May 12, 2021
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Disposition Date:
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Hold Period:
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Total Capitalization:
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Loan To Cost Ratio:
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Residential
Algarita Lakeside
San Antonio, Texas
Value-Add Multifamily Acquisition of 293-units from distressed Tenant-In-Common "TIC" partnership.
Residential
Property Type:
Multifamily
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Property Type:
Multifamily
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Property Type:
Multifamily
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Land
Govalle
Austin, TX
Acquisition 2+ acres in East Austin to subdivide into single-family lots.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
12th & Hargrave
Austin, TX
Acquired 5.78 acres at a foreclosure auction in East Austin for future townhome development.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
Decker
Austin, TX
Acquired 58 acres off Decker Lane in East Austin. The acquisition was part of a land assemblage with multiple sellers. During entitlement, we subdivided the land selling a tract to our northern neighbor and retaining ownership of an industrial tract, and 20 acre multifamily tract.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
NB North
New Braunfels, TX
Off-market acquisition of 22.13 acres of fully entitled land for future multifamily.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
Johnny Morris
Austin,TX
Acquisition of 22.13 acres zoned Light Industrial. We were able to rezone to Multifamily within 6 months of acquisition. We are currently joint venturing to develop a 375-unit multifamily community.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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