SAN ANTONIO - The ValCap Group LLC has closed on two
affordable housing properties in Northwest San Antonio.
The locally based private equity real estate investment firm
bought the 224-unit Fredericksburg Place at 3401 Fredericksburg Rd. and the
200-unit Vista Meadows at 1100 Callaghan Rd. from the nonprofit San Antonio
Alternative Housing Corporation, which developed the properties in 1983.
Along with putting in an additional $2 million for
remodeling and improvements, ValCap will be paying property tax the county had
previously never benefitted from.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.