Private Market Multifamily Investment Offering Targeting An 18.6% IRR

A new private market equity investment opportunity is available for prospective investors this week.

The Aspire Apartments offering is an investment in a 335-unit multifamily community in a growing submarket of San Antonio, Texas. Located in the Inspiration Hills neighborhood, the property was acquired at an advantageous cost of $25.55 million and has a target internal rate of return of 18.6%.

San Antonio has been targeted by offering sponsor Lone Star Capital because of the market is strong and growing. The population of San Antonio has grown to over 1.5 million largely because of the economic growth bringing jobs to the area. The diverse economy coupled with the influx of people ...

Full story available on Benzinga.com

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