SFO Capital Partners is pleased to announce the acquisition of View at Encino Commons (“VEC”), a 95% occupied Class A multifamily housing community comprising of 324 units located in San Antonio, Texas. This latest acquisition expands SFO’s US multifamily housing footprint which currently stands at over4,400 units across 9 markets.
With a population of 2.3million, San Antonio is among the fastest-growing cities in the US, ranked second nationwide for population growth, and has evolved from being a Military City to a highly diversified economy.
Built in 2002, VEC is a partially-renovated property located in the North of San Antonio at proximity to key employment hubs, the city’s main Airport, as well as healthcare campuses and military bases. The property will also benefit from the extension of the nearby Highway 281, the main artery linking north San Antonio to the city center, enhancing the connectivity of VEC’s neighborhood to the city center and the rest of San Antonio.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO Capital Partners, said: “We are pleased to further expand our US housing investment program with the addition of this new asset in San Antonio. This transaction is supported by our continued conviction in the strength and defensiveness of the US multifamily housing sector; further demonstrating SFO’s ability to acquire high quality assets in dynamic and growing markets.”
About SFO Capital Partners
SFO Capital Partners (SFO) is a London-based real estate investment management firm with presence in Paris, Miami and Beirut. SFO focuses on investment opportunities which offer superior risk-adjusted returns and invests 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. As of January 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 real estate assets under management.