

Berkadia’s San Antonio Multifamily Investment Sales Team is pleased to present Green Oaks at Medical, a 254-unit garden-style apartment community strategically located within the South Texas Medical Center—one of San Antonio’s largest and most respected employment centers.
Built in 1974 and situated on approximately 12.5 acres, Green Oaks at Medical is comprised of 33 two-story residential buildings surrounded by mature trees. The community features stucco exteriors, wood-accented metal stairways, recently replaced shingle roofs and commercial utilities. Its established neighborhood setting, just off Babcock Road, provides residents with convenient access to Loop 410, major medical employers and a broad range of nearby retail, dining and entertainment options.
Green Oaks at Medical offers ten spacious floor plans averaging 891 square feet, providing a strong foundation for a comprehensive value-add strategy. Future ownership can modernize a substantial portion of the unit interiors, enhance the property’s exterior appearance, and introduce new community amenities. A targeted renovation and asset-management program has the potential to generate monthly premiums exceeding $100 per upgraded unit, representing approximately $240,000 in additional annual rental revenue on just 200 units.
With its irreplaceable Medical Center location, low-density site plan, spacious residences and multiple avenues for operational and physical improvement, Green Oaks at Medical presents investors with a compelling opportunity to reposition a well-located community and drive meaningful long-term NOI growth.
Proven Interior Renovation Upside:
Demonstrated premiums exceeding $100 per month with substantial remaining renovation runway.
Irreplaceable Medical Center Scale:
254 units situated on approximately 12.5 acres in San Antonio’s highly sought-after South Texas Medical Center.
Deep, Durable Employment Base:
Strategically positioned near the region’s leading healthcare, academic, military and research institutions.
Oversized, Highly Marketable Floor Plans:
Ten distinct layouts averaging approximately 891 square feet across the community.
Compelling Basis:
Attractive acquisition opportunity relative to replacement cost and comparable historical trades.
Multiple Additional Revenue Levers:
Opportunity to add washers and dryers to compatible two- and three-bedroom residences while enhancing amenities and exterior appeal.
Flexible Value-Creation Strategy:
Durable workforce-housing demand supports both near-term operational improvements and a broader repositioning program.
Flexible Financing Execution:
Offered free and clear of existing debt, allowing investors to pursue financing aligned with their business plan.
Investment Highlights
Value-Add Renovations
Green Oaks at Medical offers a scalable interior renovation opportunity supported by demonstrated resident demand and existing premium performance. Current ownership has renovated 84 units with granite countertops, and those homes have achieved higher occupancy and effective rent premiums compared with unrenovated units. A more comprehensive program—including upgraded cabinetry, stainless steel appliances, modern lighting, faux-wood flooring, enhanced plumbing fixtures, designer backsplashes, and window coverings—could further elevate the resident experience, differentiate the Property within its competitive set, and create additional revenue upside.
Large Average Floor Plans
With an average unit size of approximately 891 square feet, Green Oaks at Medical provides a differentiated housing option for residents seeking greater space, flexibility, and value. The larger-format layouts appeal to roommates, families, and workforce renters who prioritize functionality and affordability near major employment centers. This unit mix also supports a flexible renovation strategy: upgraded residences can serve residents seeking a more contemporary living experience, while classic units can preserve an accessible price point and broaden the Property’s demand profile through varying market conditions.
Irreplaceable Location | Medical Center Submarket
Green Oaks at Medical benefits from its location within the South Texas Medical Center corridor, one of San Antonio’s largest and most resilient employment concentrations. Major healthcare systems, academic institutions, and military medical facilities generate a broad and stable renter base of medical professionals, researchers, students, faculty, and support personnel. Combined with immediate access to Babcock Road and Loop 410, the Property offers residents convenient access to employment, education, retail, and daily services—key drivers of sustained workforce-housing demand.
Compelling Basis
The Property offers investors the opportunity to acquire a well-located community at a basis that reflects recent submarket softness while providing potential upside as operating fundamentals improve. Green Oaks at Medical’s favorable entry point, relative to replacement cost and historical pricing, provides a measure of downside protection and positions new ownership to benefit from improving occupancy, rent growth, and investor demand over time. By pairing a disciplined acquisition basis with targeted capital investment and operational execution, investors can create a path to stronger cash flow and long-term appreciation.
Washer/Dryer and Community Enhancement Opportunity
Every two- and three-bedroom residence includes washer/dryer connections, creating significant runway to expand an in-unit washer/dryer program across the community. With only a limited number of units currently generating washer/dryer charges, new ownership can introduce a highly desirable convenience feature while building recurring ancillary income. Additional upside exists through exterior improvements, potential private-yard additions where feasible, technology enhancements, and repositioning of amenity spaces such as the clubhouse, fitness center, pool areas, business lounge, outdoor gathering areas, and pet amenities. Together, these initiatives can improve resident satisfaction, support retention, and enable a market-appropriate monthly amenity fee following amenity revitalization.
Contact
Investment Sales
Will Caruth
Managing Director
210.377.2768
[email protected]
Cody Courtney
Senior Director
210.377.1219
[email protected]
Mortgage Banking
Cutt Ableson
Senior Managing Director
713.469.4503
[email protected]
Cameron Hart
Managing Director
5512.226.8708
[email protected]
Boyd Oliver
Senior Director
210.274.2804
[email protected]

5903 Danny Kaye DrSan Antonio, TX 78240
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