21%
PROJECTED AAR
8%
PREFERRED RETURN
5 YEAR
PROJECTED HOLD TIME
$100K
MIN INVESTMENT
Investment Highlights
Off-Market Acquisition at a Discount
Purchased for $10.75M, significantly below the $13.47M purchase price from the previous owner in 2023. Seller in a distressed situation due to high bridge debt, creating a prime buying opportunity.
Below-Market Rents with Upside Potential
Current rents are below market, providing a clear path for gradual $85-$100 rent increases over four years. Targeting conservative, market-supported rental adjustments to enhance cash flow.
Strong Location & Market Fundamentals
Located in North San Antonio, a high-income, low-crime area near the airport. Proximity to Austin (1 hour, 15 mins) and strong demand for quality rental housing. Projected 5.5% population growth and 5.76% household growth from 2024-2029.
Minimal Capital Expenditure & Value-Add Potential
Well-maintained property requiring only light interior renovations and operational efficiencies. Implementing utility billbacks (RUBS), parking fees, and amenity-based income streams to drive NOI growth.
Attractive Loan Structure & Favorable Financing
7-year non-recourse loan with 2 years of interest-only at a 5.34%-5.41% rate. Partnering with JLL, a proven lender from previous successful acquisitions.
Conservative Underwriting & Value-Add Potential
Projected Internal Rate of Return (IRR) of 15-16%. Competitive preferred returns: 8% for Class A investors and 7% for Class B investors.
Property Overview
Stratton Park / 12324 Starcrest Dr, San Antonio, TX 78216
127
Units
1985
Year Built
92%
Occupancy
712
Average Unit Size (sqft)
Investment Process
Review Offering
Investors should review the offering documents and make a commitment through the investor portal (link to portal included in marketing materials).
E-sign
Please electronically sign the offering documents within the investor portal or send us a message for assistance.
Funding
Closing
OUR TEAM
DR. ADEBAYO FASANYA
Dr. Breathe Easy Capital
Founder and CEO
WAYNE COURREGES III
CREI Partners
Managing Principal
DR. RAJKUMAR VENKATRAMANI
REIDOC Capital
Principal