Low minimum entry on large, high-upside multifamily offering – The Broadwater at Salado Creek.

12626 Blanco Rd, San Antonio, TX 78216, USA
LPMulti-familyTexasSan Antonio12626 Blanco Rd, San Antonio, TX 78216, USA
New Raise

Low minimum entry on large, high-upside multifamily offering – The Broadwater at Salado Creek.

12626 Blanco Rd, San Antonio, TX 78216, USA
  • 16%+ (Class A available at 10%.) See Executive Summary for details
  • 2.01x+ (See Executive Summary for details)
  • 5 year target
  • Targeted 7.6/year 4
  • 64%
$10,300,000.00Total Raise Amount

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Listing Details

  • Listing Type: Equity Listing
  • Category:
  • Origination Date: 11/06/34
  • Type:
  • Asset Type: Multi-family
  • Status:
  • Property Status: Under Aquisition - In Raise Now.
  • Year built: 1982
  • IRR: 16%+ (Class A available at 10%.) See Executive Summary for details
  • Equity Multiple: 2.01x+ (See Executive Summary for details)
  • Hold Period: 5 year target
  • Stabilized Cash on Cash: Targeted 7.6/year 4
  • Distribution Frequency: Quarterly
  • Asset Strategy: Value Add, Total Rebranding with Management Improvements
  • Preferred Return: 7-10% Preferred depending on participation level.
  • Sponsor is PREIshare Approved: Yes
  • Sponsor Name: RSN Property Group
  • Sponsor Years in business: 10
  • Number of Sponsor Offerings: 6

Property Location

Property Description

  • Property Description:

    At RSN we've secured a deal too good to pass up, and are going back to our familiar stomping ground, San Antonio, Texas!

    KEY HIGHLIGHTS:

    • Strong Sponsor Market Experience: We’ve bought and sold over 1200 units in central Texas, with more than 600 of those within a 3-mile radius of this asset.
    • Massive Value-Add Upside: 100% classic units primed for renovations and forced appreciation.
    • Long Term Owner (~12 years): Complacent ownership, not pushing rents, focused on maintenance rather than revenue increasing improvements.
    • Opportune Market Timing: Generational buying opportunity near the bottom of the market with outsized upside potential beyond projections.

    With that said, please welcome "The Broadwater at Salado Creek" a boutique rental community offering 176 one and two-bedroom apartment homes in a two-story garden-style layout. This sprawling 17.7-acre urban green space oasis is located in the epicenter of San Antonio’s largest employment base, with nearly 189,200 jobs within a five-mile radius, including USAA, South Texas Medical Center, Hulu, UTSA, and more.

     

    Immersed in nature, “The Broadwater at Salado Creek” boasts a plethora of grassland, landscaped grounds, a swimming pool with shaded lounge areas, an outdoor picnic area with seating and grills, a tennis court and basketball court, ample parking, and best of all, it adjoins the Salado Creek Greenway. Residents have instant access to this namesake that spans over 20 miles of recreational trails, large pecan and live oak trees, wildflower fields, cliff faces, and natural limestone outcropping along stretches of Salado Creek, a spring-fed natural stream home to diverse wildlife species, including fish, turtles, and waterfowl.

    The Tallows

    This asset is a value-add “blank canvas” of opportunity. While the long-time owners have spent the last 10 years studiously maintaining the property, and there is thankfully very deferred maintenance, there has been a conspicuous absence of upgrades and improvements. A tantalizing one hundred percent of the units can be upgraded to push rents and force NOI. Additionally, the dated amenities are ripe for a refresh, and the plethora of open grassland is screaming out for pickleball courts, dog wash stations, fenced backyards, a playground, and more. From a business and investment point of view, we’re incredibly excited to turn this “blank canvas” into a cash cow.

     

    To view an informative webinar, visit https://www.reedgoossens.us/broadwater_oi

    To make an appointment for more information on this listing, please click here: https://meetings.hubspot.com/willy-morales/broadwater

     

    DISCLOSURE:

    The following information is an investment summary provided to prospective investors and others. This information is not an offering to sell either a security, or a solicitation to sell a security. At the request of a recipient, RSN Property Group (“Manager”) will provide a private placement memorandum, subscription agreement, and the Limited Liability Company Operating Agreement. RSN Property Group in no way guarantees the projections contained herein. Real estate values, income, expenses, and development costs are all affected by a multitude of forces outside the Company’s control. This investment is illiquid and only those persons that are able and willing to risk their entire investment should participate. Please consult your attorney, CPA, and/or professional financial advisor regarding the suitability of an investment by you.

     

    Certain statements contained in this summary, including, without limitation, statements containing the words “believes,” “plans,” “expects,” “anticipates,” “projects,” and words of similar import, constitute “forward-looking statements” within the meaning of safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of the Manager, but are subject to significant known and unknown risks, uncertainties and other factors, including without limitation, the risk factors set forth in the offering documents, which may cause the actual results, performance or achievements of the Manager, and its affiliates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Undue reliance should not be placed on these forward-looking statements, and if underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in (or implied by) these forward looking statements. The Manager disclaims any obligation to update any of the contents of this summary or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments except as required by applicable law.

     

    This summary, and all of the contents hereof, are confidential. No right of publication or disclosure of this summary (or any of the contents hereof) is given to the initial recipient to any other party. This summary does not contain all of the details and/or information necessary or desirable for an investor to make a decision or evaluation of an investment in the offering. The Manager does not take responsibility for the accuracy or the completeness of any information contained herein which was obtained from third party sources, and makes no assurances therefore. In addition, information contained in this summary is based on unaudited accounts. This summary is not, and does not purport to be, an appraisal of the assets, stock, or business referenced herein. Neither this summary nor any of its contents may be used for any other purpose without the prior written consent of the Manager.

Listing Documents

  • PPM, Executive Summary, Others (optional):
    RSN-Property-Group-The-Broadwater-Investment-Summary-May-2024.pdf 18.90 MB

Deal Info

  • Loan-to-Value: 64%

Ask about this Listing

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LPMulti-familyTexasSan Antonio12626 Blanco Rd, San Antonio, TX 78216, USA
New Raise

Low minimum entry on large, high-upside multifamily offering – The Broadwater at Salado Creek.

12626 Blanco Rd, San Antonio, TX 78216, USA
  • 16%+ (Class A available at 10%.) See Executive Summary for details
  • 2.01x+ (See Executive Summary for details)
  • 5 year target
  • Targeted 7.6/year 4
  • 64%
$10,300,000.00Total Raise Amount

Share this listing

Copy

Or share with

Listing Details

  • Listing Type: Equity Listing
  • Category:
  • Origination Date: 11/06/34
  • Type:
  • Asset Type: Multi-family
  • Status:
  • Property Status: Under Aquisition - In Raise Now.
  • Year built: 1982
  • IRR: 16%+ (Class A available at 10%.) See Executive Summary for details
  • Equity Multiple: 2.01x+ (See Executive Summary for details)
  • Hold Period: 5 year target
  • Stabilized Cash on Cash: Targeted 7.6/year 4
  • Distribution Frequency: Quarterly
  • Asset Strategy: Value Add, Total Rebranding with Management Improvements
  • Preferred Return: 7-10% Preferred depending on participation level.
  • Sponsor is PREIshare Approved: Yes
  • Sponsor Name: RSN Property Group
  • Sponsor Years in business: 10
  • Number of Sponsor Offerings: 6

Property Location

Property Description

  • Property Description:

    At RSN we've secured a deal too good to pass up, and are going back to our familiar stomping ground, San Antonio, Texas!

    KEY HIGHLIGHTS:

    • Strong Sponsor Market Experience: We’ve bought and sold over 1200 units in central Texas, with more than 600 of those within a 3-mile radius of this asset.
    • Massive Value-Add Upside: 100% classic units primed for renovations and forced appreciation.
    • Long Term Owner (~12 years): Complacent ownership, not pushing rents, focused on maintenance rather than revenue increasing improvements.
    • Opportune Market Timing: Generational buying opportunity near the bottom of the market with outsized upside potential beyond projections.

    With that said, please welcome "The Broadwater at Salado Creek" a boutique rental community offering 176 one and two-bedroom apartment homes in a two-story garden-style layout. This sprawling 17.7-acre urban green space oasis is located in the epicenter of San Antonio’s largest employment base, with nearly 189,200 jobs within a five-mile radius, including USAA, South Texas Medical Center, Hulu, UTSA, and more.

     

    Immersed in nature, “The Broadwater at Salado Creek” boasts a plethora of grassland, landscaped grounds, a swimming pool with shaded lounge areas, an outdoor picnic area with seating and grills, a tennis court and basketball court, ample parking, and best of all, it adjoins the Salado Creek Greenway. Residents have instant access to this namesake that spans over 20 miles of recreational trails, large pecan and live oak trees, wildflower fields, cliff faces, and natural limestone outcropping along stretches of Salado Creek, a spring-fed natural stream home to diverse wildlife species, including fish, turtles, and waterfowl.

    The Tallows

    This asset is a value-add “blank canvas” of opportunity. While the long-time owners have spent the last 10 years studiously maintaining the property, and there is thankfully very deferred maintenance, there has been a conspicuous absence of upgrades and improvements. A tantalizing one hundred percent of the units can be upgraded to push rents and force NOI. Additionally, the dated amenities are ripe for a refresh, and the plethora of open grassland is screaming out for pickleball courts, dog wash stations, fenced backyards, a playground, and more. From a business and investment point of view, we’re incredibly excited to turn this “blank canvas” into a cash cow.

     

    To view an informative webinar, visit https://www.reedgoossens.us/broadwater_oi

    To make an appointment for more information on this listing, please click here: https://meetings.hubspot.com/willy-morales/broadwater

     

    DISCLOSURE:

    The following information is an investment summary provided to prospective investors and others. This information is not an offering to sell either a security, or a solicitation to sell a security. At the request of a recipient, RSN Property Group (“Manager”) will provide a private placement memorandum, subscription agreement, and the Limited Liability Company Operating Agreement. RSN Property Group in no way guarantees the projections contained herein. Real estate values, income, expenses, and development costs are all affected by a multitude of forces outside the Company’s control. This investment is illiquid and only those persons that are able and willing to risk their entire investment should participate. Please consult your attorney, CPA, and/or professional financial advisor regarding the suitability of an investment by you.

     

    Certain statements contained in this summary, including, without limitation, statements containing the words “believes,” “plans,” “expects,” “anticipates,” “projects,” and words of similar import, constitute “forward-looking statements” within the meaning of safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of the Manager, but are subject to significant known and unknown risks, uncertainties and other factors, including without limitation, the risk factors set forth in the offering documents, which may cause the actual results, performance or achievements of the Manager, and its affiliates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Undue reliance should not be placed on these forward-looking statements, and if underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in (or implied by) these forward looking statements. The Manager disclaims any obligation to update any of the contents of this summary or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments except as required by applicable law.

     

    This summary, and all of the contents hereof, are confidential. No right of publication or disclosure of this summary (or any of the contents hereof) is given to the initial recipient to any other party. This summary does not contain all of the details and/or information necessary or desirable for an investor to make a decision or evaluation of an investment in the offering. The Manager does not take responsibility for the accuracy or the completeness of any information contained herein which was obtained from third party sources, and makes no assurances therefore. In addition, information contained in this summary is based on unaudited accounts. This summary is not, and does not purport to be, an appraisal of the assets, stock, or business referenced herein. Neither this summary nor any of its contents may be used for any other purpose without the prior written consent of the Manager.

Listing Documents

  • PPM, Executive Summary, Others (optional):
    RSN-Property-Group-The-Broadwater-Investment-Summary-May-2024.pdf 18.90 MB

Deal Info

  • Loan-to-Value: 64%

Ask about this Listing

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LPMulti-familyTexasSan Antonio12626 Blanco Rd, San Antonio, TX 78216, USA
New Raise

Low minimum entry on large, high-upside multifamily offering – The Broadwater at Salado Creek.

12626 Blanco Rd, San Antonio, TX 78216, USA
  • 16%+ (Class A available at 10%.) See Executive Summary for details
  • 2.01x+ (See Executive Summary for details)
  • 5 year target
  • Targeted 7.6/year 4
  • 64%
$10,300,000.00Total Raise Amount

Share this listing

Copy

Or share with

Listing Details

  • Listing Type: Equity Listing
  • Category:
  • Origination Date: 11/06/34
  • Type:
  • Asset Type: Multi-family
  • Status:
  • Property Status: Under Aquisition - In Raise Now.
  • Year built: 1982
  • IRR: 16%+ (Class A available at 10%.) See Executive Summary for details
  • Equity Multiple: 2.01x+ (See Executive Summary for details)
  • Hold Period: 5 year target
  • Stabilized Cash on Cash: Targeted 7.6/year 4
  • Distribution Frequency: Quarterly
  • Asset Strategy: Value Add, Total Rebranding with Management Improvements
  • Preferred Return: 7-10% Preferred depending on participation level.
  • Sponsor is PREIshare Approved: Yes
  • Sponsor Name: RSN Property Group
  • Sponsor Years in business: 10
  • Number of Sponsor Offerings: 6

Property Location

Property Description

  • Property Description:

    At RSN we've secured a deal too good to pass up, and are going back to our familiar stomping ground, San Antonio, Texas!

    KEY HIGHLIGHTS:

    • Strong Sponsor Market Experience: We’ve bought and sold over 1200 units in central Texas, with more than 600 of those within a 3-mile radius of this asset.
    • Massive Value-Add Upside: 100% classic units primed for renovations and forced appreciation.
    • Long Term Owner (~12 years): Complacent ownership, not pushing rents, focused on maintenance rather than revenue increasing improvements.
    • Opportune Market Timing: Generational buying opportunity near the bottom of the market with outsized upside potential beyond projections.

    With that said, please welcome "The Broadwater at Salado Creek" a boutique rental community offering 176 one and two-bedroom apartment homes in a two-story garden-style layout. This sprawling 17.7-acre urban green space oasis is located in the epicenter of San Antonio’s largest employment base, with nearly 189,200 jobs within a five-mile radius, including USAA, South Texas Medical Center, Hulu, UTSA, and more.

     

    Immersed in nature, “The Broadwater at Salado Creek” boasts a plethora of grassland, landscaped grounds, a swimming pool with shaded lounge areas, an outdoor picnic area with seating and grills, a tennis court and basketball court, ample parking, and best of all, it adjoins the Salado Creek Greenway. Residents have instant access to this namesake that spans over 20 miles of recreational trails, large pecan and live oak trees, wildflower fields, cliff faces, and natural limestone outcropping along stretches of Salado Creek, a spring-fed natural stream home to diverse wildlife species, including fish, turtles, and waterfowl.

    The Tallows

    This asset is a value-add “blank canvas” of opportunity. While the long-time owners have spent the last 10 years studiously maintaining the property, and there is thankfully very deferred maintenance, there has been a conspicuous absence of upgrades and improvements. A tantalizing one hundred percent of the units can be upgraded to push rents and force NOI. Additionally, the dated amenities are ripe for a refresh, and the plethora of open grassland is screaming out for pickleball courts, dog wash stations, fenced backyards, a playground, and more. From a business and investment point of view, we’re incredibly excited to turn this “blank canvas” into a cash cow.

     

    To view an informative webinar, visit https://www.reedgoossens.us/broadwater_oi

    To make an appointment for more information on this listing, please click here: https://meetings.hubspot.com/willy-morales/broadwater

     

    DISCLOSURE:

    The following information is an investment summary provided to prospective investors and others. This information is not an offering to sell either a security, or a solicitation to sell a security. At the request of a recipient, RSN Property Group (“Manager”) will provide a private placement memorandum, subscription agreement, and the Limited Liability Company Operating Agreement. RSN Property Group in no way guarantees the projections contained herein. Real estate values, income, expenses, and development costs are all affected by a multitude of forces outside the Company’s control. This investment is illiquid and only those persons that are able and willing to risk their entire investment should participate. Please consult your attorney, CPA, and/or professional financial advisor regarding the suitability of an investment by you.

     

    Certain statements contained in this summary, including, without limitation, statements containing the words “believes,” “plans,” “expects,” “anticipates,” “projects,” and words of similar import, constitute “forward-looking statements” within the meaning of safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of the Manager, but are subject to significant known and unknown risks, uncertainties and other factors, including without limitation, the risk factors set forth in the offering documents, which may cause the actual results, performance or achievements of the Manager, and its affiliates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Undue reliance should not be placed on these forward-looking statements, and if underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in (or implied by) these forward looking statements. The Manager disclaims any obligation to update any of the contents of this summary or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments except as required by applicable law.

     

    This summary, and all of the contents hereof, are confidential. No right of publication or disclosure of this summary (or any of the contents hereof) is given to the initial recipient to any other party. This summary does not contain all of the details and/or information necessary or desirable for an investor to make a decision or evaluation of an investment in the offering. The Manager does not take responsibility for the accuracy or the completeness of any information contained herein which was obtained from third party sources, and makes no assurances therefore. In addition, information contained in this summary is based on unaudited accounts. This summary is not, and does not purport to be, an appraisal of the assets, stock, or business referenced herein. Neither this summary nor any of its contents may be used for any other purpose without the prior written consent of the Manager.

Listing Documents

  • PPM, Executive Summary, Others (optional):
    RSN-Property-Group-The-Broadwater-Investment-Summary-May-2024.pdf 18.90 MB

Deal Info

  • Loan-to-Value: 64%

Ask about this Listing

Share this property

Copy

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Request Offering Documents

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