Investment Highlights

• Attractive Assumable Fixed-Rate Debt

  City Summit offers investors the flexibility to pursue an all-cash acquisition or assume existing fixed-rate financing. The current loan carries a 3.11% fixed interest rate, an approximately $21.56 million balance, and 77 months of remaining term through October 1, 2032.
  The assumable loan structure creates predictable debt service and preserves near-term cash flow. This financing profile gives new ownership a differentiated opportunity to pair in-place debt with a focused value-creation plan.

• Value-Add Renovation Program

  City Summit presents a targeted interior-renovation opportunity across 139 unrenovated apartments, representing approximately 51% of the community. The program is designed to create an upgraded product offering while maintaining a meaningful base of classic units for residents seeking more attainable rental options.

  Projection of premiums based on City Summit’s and the submarket’s performance predicts rent premiums more than $100 per renovated unit, representing an estimated $166,800 in annual revenue potential. A phased approach allows ownership to renovate units as leases roll, manage disruption, and refine pricing based on leasing performance.

• Large-Format, Diverse Unit Mix

  With an average unit size of approximately 1,103 square feet, City Summit provides larger-format housing that stands apart from much of the surrounding apartment inventory. The community’s layouts can appeal to workforce renters, families, and roommates seeking additional living space with flexible configurations.

  The property’s 269-unit scale supports a selective renovation strategy without requiring a full repositioning. By offering both renovated and classic residences, ownership can serve multiple renter profiles and broaden demand capture across changing market conditions.

• Strategic Medical Center Location

  City Summit is positioned within San Antonio’s Medical Center submarket, an established employment corridor anchored by healthcare, education, professional services, and military-related demand. Its proximity to the South Texas Medical Center connects residents to a broad base of medical professionals, researchers, students, support staff, and other workforce renters.

  Major area demand drivers include Methodist Healthcare System, University Health, UT Health San Antonio, and Brooke Army Medical Center. Combined with its garden-style configuration and large unit sizes, City Summit offers a well-located housing option for renters seeking convenient access to one of San Antonio’s most important employment centers.