SFO CAPITAL PARTNERS EXPANDS ITS FOOTPRINT IN SAN ANTONIO, TEXAS BY ACQUIRING AN ADDITIONAL 300 MULTIFAMILY UNITS

01 Mar 2021

SFO Capital Partners has announced the acquisition of Landings at Brooks City Base (“Landings”), a 96% occupied Class A multifamily housing community comprising of 300 units located in San Antonio, Texas.  

This latest acquisition represents SFO Capital Partners‘ second multifamily investment in the San Antonio market, and marks its 16th acquisition in the US since launching its US housing program in 2015. To-date, SFO Capital Partners has acquired over 5,500 units across 13 markets.

Built in 2012, Landings is located in the South of San Antonio, a former Air Force area undergoing extensive mixed-use development. The property was developed on a long-term ground lease offering advantageous fiscal abatement. It also benefits from close proximity to major employment hubs including Toyota, Wells Fargo and Amazon’s new delivery stations the so-called “last mile” order fulfillment facilities.

Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “We are thrilled to further enhance our significant multifamily housing footprint in the US with this latest acquisition in San Antonio, the second fastest growing city in the country with a total population of 2.3 million. We will continue to actively pursue the acquisition of stable, highly-occupied assets with solid cash flows located across the nation’s fastest growing metropolitan areas.”

About SFO Capital Partners

SFO Capital Partners (SFO) is a London-based global real estate investment management firm focused on investing in high quality assets acquired at attractive valuations with a clear path to value creation. SFO adopts disciplined investment strategies organized by asset classes and geographies. SFO's hands-on approach to investing combines entrepreneurial agility with best-in-class practices, consistently delivering superior risk adjusted returns to its private and institutional investors.  As of February 2021, SFO has acquired a diversified portfolio comprising more than USD1.4 billion in assets located primarily in the USA and Europe, including 5,500 apartments and more than 7.0 million sqft of commercial real estate under management.