SAN ANTONIO, TX—While the San Antonio market may not get the same attention as Texas' major markets, Tim Ballard, co-founder and president of Newport Beach, CA-based Buchanan Street Partners, believes in the South Texas city.

“The San Antonio office market continues to experience slow and steady growth,” Ballard told GlobeSt.com. “Many other Texas markets have much higher levels of growth that causes investors to buy based upon aggressive expectations of future rents and values. Due to the less robust forecast for future growth in San Antonio you have an opportunity to achieve a higher current return in the form of cash flow versus aggressively betting on the significant value appreciation.”

Ballard and his firm recently announced its fifth purchase in the market: San Pedro Plaza, a 163,764-square-foot office building located at 7330 San Pedro Ave. Buchanan Street will make extensive improvements to attract new tenants during a time of positive absorption in the region.