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Submarket Has Absorbed Nearly 3,000 Units

It was advantageous for Electra America to gamble on the growing northwest San Antonio market to acquire a newly constructed class-A community at a risk-adjusted basis for future rent growth opportunities.

By Lisa Brown | lisabrown | Updated on September 26, 2017

Pecan Springs Built in 2013, Pecan Springs features one-, two-, and three-bedroom units.

SAN ANTONIO—With average effective rents of $1,025 and 95% occupied, the class-A Pecan Springs in northwest San Antonio paves the way for rent growth inherent in a strong economy. The property is also in close proximity to University of Texas at San Antonio and other major employers, including USAA and the San Antonio Medical Center.

Electra America and its management affiliate, Robbins Electra, recently acquired the 344-unit garden-style multifamily community. With this acquisition, Electra America now owns five apartment communities in the San Antonio metro area. With more than 60 properties in Texas, Florida, Georgia, North Carolina, Virginia and Maryland, Electra’s portfolio contains more than 22,500 apartments totaling more than $2.5 billion in value.

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