Quarry Station Apartments at Alamo Heights is a 306-unit garden-style multifamily property located in San Antonio, Texas. Built in 1993, Quarry Station has 18 buildings with a mix of one, two and three bedrooms.
The Sponsors, affiliates of Arbor Management Company and affiliates of EBEX Holdings, have made significant progress on the repositioning strategy since acquiring the Property in June 2017.
- Value-Add: The renovation budget of $1.1 million will be used to perform maintenance, upgrade amenities and complete unit renovations on an as-needed basis.
- New Property Management: United Apartment Group is the largest property manager in San Antonio and will be responsible for increasing effective rent.
- Proof of Concept: Gut renovations will be made for approximatively 20 units to show an eventual buyer how to unlock more revenue potential.
- New Brand: Rebranded from Crescent at Alamo Heights to Quarry Station in order to improve perception and value of the Property.