Third time’s a charm for Dallas-based Trinsic in San Antonio

​​SAN ANTONIO – Dallas-based Trinsic Residential is on its way toward its third multifamily project in San Antonio, having bought a 23.4-acre site on the city’s far west side.

The developer already secured a $27.7 million construction loan through Texas Capital Bank.​​

The land acquisition by Trinsic Residential follows the company’s pattern—the first in Northwest San Antonio and to the southwest on Loop 1604.

Trinsic is a relative newcomer to the San Antonio market, but it landed a win with its 308-unit Aura at the Rim.

According to Real Capital Analytics, the developer bought the 11.2-acre site of Aura at the Rim at 18102 Talavera Ridge in February 2014 for $5.8 million.

The development budget for Aura at the Rim was about $39 million.​