apartment pulse san antonio, tx · 368 mar13 hwy 151/ seaworld mgmt: western rim property svc 17)...
TRANSCRIPT
Apartment Pulse™
Copyright© 2013 Apartment Data Services, Inc.
San Antonio, Tx
Prepared by:
SAMPLE
Contents: Market PerformanceChangesUnder ConstructionRecently OpenedProposed ConstructionRental ConcessionsHottest Sub-marketsEconomy at a GlanceLargest Management Companies
Market Performance / Greater San Antonio - November 2013
Overall Class A Class B Class C Class D
# of Properties 771 110 247 267 147
# of Units 158,667 27,850 56,073 52,874 21,870
Avg Price ($/mo) $798 $1,088 $841 $673 $623
Avg Rate (c/sf/mo) 94.8 123.6 99.1 83.9 71.4
Occupancy 90.1% 82.5% 91.7% 92.0% 90.8%
Trends
Past 3
months
Past 6
months
Past 12
months
Rental Rate Growth (annualized) 2.2% 3.8% 3.8%
Absorption (units) 545 1,762 3,836
Year # of Units
New Units
Added to
Market
Units
Absorbed Occupancy
Price
($/mo)
Rent
Trend
2004 118,652 2,104 1,489 89.1% $601 0.8%
2005 125,342 6,749 6,940 89.9% $623 3.7%
2006 131,143 5,759 3,820 88.8% $636 2.1%
2007 135,746 4,932 3,866 88.6% $665 4.6%
2008 140,516 4,990 3,341 88.0% $686 3.2%
2009 145,996 5,229 3,737 87.3% $692 0.9%
2010 146,701 606 5,007 90.3% $710 2.6%
2011 148,273 1,908 2,031 90.7% $736 3.7%
2012 153,267 5,058 4,834 90.9% $773 5.0%
2013* 158,667 5,400 3,899 90.2% $798 3.8%**
* = partial year ** = based on past 12 months (trailing)
back to top Source: Apartment Data Services, Inc. 800/595-8730
Changes / Greater San Antonio - November 2013
Listed below are the number of changes that have occurred over the past 30, 60 and 90 days.
SAN ANTONIOManagement
CompanyOn-SiteManager
ApartmentName
Past 30 days: 4 108 6
Past 60 days: 17 187 27
Past 90 days: 40 247 39
Other Texas Markets
HOUSTONManagement
CompanyOn-SiteManager
ApartmentName
Past 30 days: 58 321 29
Past 60 days: 114 557 65
Past 90 days: 179 738 98
DALLAS/FW
Past 30 days: 68 304 21
Past 60 days: 141 570 66
Past 90 days: 216 764 96
AUSTIN
Past 30 days: 14 70 9
Past 60 days: 35 151 21
Past 90 days: 69 205 30
back to top Source: Apartment Data Services, Inc. 800/595-8730
Under Construction / Greater San Antonio - November 2013
Name (sorted by Area) Units MoveIns Area & Management
1) Brackenridge At Midtown, The 223 Brackenridge Ave, San Antonio, TX 78209
282 Jan14 Downtown/ Trinity University Mgmt: Embrey Mgmt Services
2) CityVista 647 E Hildebrand Ave, San Antonio, TX 78212
141 Dec14 Downtown/ Trinity University Mgmt: Koonz McCombs
3) Peanut Factory Lofts 1025 S Frio St, San Antonio, TX 78207
102 Aug14 Downtown/ Trinity University Mgmt: Federal Mgmt
4) River House, The 122 Roy Smith St, San Antonio, TX 78215
261 Jan15 Downtown/ Trinity University Mgmt: Hixon Dev
5) San Juan Square III 2404 S Calaveras St, San Antonio, TX 78207
252 Sep14 Downtown/ Trinity University Mgmt: N R P Group
6) 1111, The 1111 Austin Hwy, San Antonio, TX 78209
278 Jan14 Alamo Heights/ The Quarry Mgmt: Landbridge
7) Urban Crest 3535 Harry Wurzbach Rd, San Antonio, TX 78209
208 Aug14 Alamo Heights/ The Quarry Mgmt: Bakke Development Corp
8) Epoch Stone Oak Stone Oak @ Canyon Golf, San Antonio, TX 78258
308 Jul14 Windcrest/ Universal City Mgmt: Epoch
9) Lookout Hollow II 16505 Lookout Hollow Circle, Selma, TX 78154
116 Jun14 Windcrest/ Universal City Mgmt: Greystone Asset Mgmt
10) Sonterra Blue 922 E Sonterra Blvd, San Antonio, TX 78258
342 Apr14 Thousand Oaks/ San Pedro/ StoneOak Mgmt: Lincoln Property Co
Map data ©2013 Google, INEGI
20 km
20 mi
11) Firewheel 6155 Eckhert Rd, San Antonio, TX 78240
366 Mar14 UTSA/ La Cantera/ Bandera Rd Mgmt: Greystar
12) Residences At La Cantera, The 6215 Via La Cantera, San Antonio, TX 78256
323 Jan14 UTSA/ La Cantera/ Bandera Rd Mgmt: Riverstone Residential
13) Village At Leon Springs Boerne Stage Rd, Boerne, TX 78006
328 Jul14 Boerne/ Kerrville Mgmt: Embrey Mgmt Services
14) Park At Sutton Oaks, The 1010 Locke Ave, San Antonio, TX 78208
208 Jun14 Brooks AFB/ I-10E Mgmt: Franklin Mgmt
15) Reserve At Lone Oak Loop 1640 @ Liedecke Rd, San Antonio, TX 78264
200 May14 Kelly AFB/ I-35S Mgmt: MacDonald Assoc
16) Lonesome Dove 11200 Dove Canyon, San Antonio, TX 78245
360 Jul14 Hwy 151/ SeaWorld Mgmt: Hudgins
17) Springs At Alamo Ranch 11211 Westwood Loop, San Antonio, TX 78254
232 Feb14 Hwy 151/ SeaWorld Mgmt: Continental Properties
4,307
back to top Source: Apartment Data Services, Inc. 800/595-8730
Recently Opened / Greater San Antonio - November 2013
Map data ©2013 Google, INEGI
Name (sorted by MoveIns) Units MoveIns Area & Management
1) Vantage At Judson 5126 N Loop 1604 E, San Antonio, TX 78247
288 Jan14 Thousand Oaks/ San Pedro/ StoneOak Mgmt: United Apartment Group
2) Tacara At Westover Hills 8543 State Highway 151, San Antonio, TX 78245
312 Dec13 Kelly AFB/ I-35S Mgmt: Greystar
3) Vantage At Shavano 17203 NW Military Hwy, San Antonio, TX 78257
288 Nov13 UTSA/ La Cantera/ Bandera Rd Mgmt: United Apartment Group
4) Retreat At Cross Mountain 19414 Babcock Rd, San Antonio, TX 78256
145 Nov13 UTSA/ La Cantera/ Bandera Rd Mgmt: Capstone Real Estate Svc
5) Ranch At Cibolo Creek, The 1681 River Rd, Boerne, TX 78006
116 Nov13 Boerne/ Kerrville Mgmt: United Apartment Group
6) Platinum Shavano Oaks 14811 Huebner Rd, San Antonio, TX 78231
350 Oct13 Blanco Rd/ West Ave Mgmt: Riverstone Residential
7) Park At West Ave 12803 West Ave, San Antonio, TX 78216
360 Oct13 Blanco Rd/ West Ave Mgmt: Embrey Mgmt Services
8) Westwood 11139 Culebra Rd, San Antonio, TX 78254
204 Sep13 Hwy 151/ SeaWorld Mgmt: Diamond Mgmt
9) Siena On Sonterra 600 E Sonterra Blvd, San Antonio, TX 78258
251 Sep13 Thousand Oaks/ San Pedro/ StoneOak Mgmt: Flournoy Properties
10) Mosaic, The 1915 Broadway St, San Antonio, TX 78215
120 Sep13 Downtown/ Trinity University Mgmt: Broadway Dev
11) Ranch At The Guadalupe, The 1927 Gruene Rd, New Braunfels, TX 78130
184 Aug13 New Braunfels/ Seguin Mgmt: Lynd Company, The
12) Grand, The 14310 Nacogdoches Rd, San Antonio, TX 78247
136 Aug13 Nacogdoches Rd/ Perrin Beitel Rd Mgmt: United Apartment Group
13) Bulverde Oaks 3515 Canyon Pkwy, San Antonio, TX 78259
328 Apr13 Thousand Oaks/ San Pedro/ StoneOak Mgmt: Lincoln Property Co
14) Arden Park 8638 Huebner Rd, San Antonio, TX 78240
301 Apr13 Medical Center/ USAA/ Leon Valley Mgmt: Flournoy Properties
15) Springs At Stone Oak Village 22202 Estate Hill Dr, San Antonio, TX 78258
360 Mar13 Thousand Oaks/ San Pedro/ StoneOak Mgmt: Continental Properties
16) Mansions At Briggs Ranch 5565 Mansions Bluffs, San Antonio, TX 78245
368 Mar13 Hwy 151/ SeaWorld Mgmt: Western Rim Property Svc
17) Nobu Station 18211 Bulverde Rd, San Antonio, TX 78259
474 Feb13 Thousand Oaks/ San Pedro/ StoneOak Mgmt: Godfrey Res
18) Mansions At Creekside 625 Creekside Way, New Braunfels, TX 78130
395 Feb13 New Braunfels/ Seguin Mgmt: Western Rim Property Svc
19) Estates At Briggs Ranch, The 5525 Mansions Bluffs, San Antonio, TX 78245
424 Feb13 Hwy 151/ SeaWorld Mgmt: Western Rim Property Svc
20) West Oaks 14838 Vance Jackson Rd, San Antonio, TX 78249
352 Dec12 UTSA/ La Cantera/ Bandera Rd Mgmt: Myan Mgmt Group
21) Villas In Westover Hills 1818 Rogers Rd, San Antonio, TX 78251
558 Dec12 Hwy 151/ SeaWorld Mgmt: Management Support
22) Pecan Springs 5511 Pecan Springs Rd, San Antonio, TX 78249
344 Dec12 UTSA/ La Cantera/ Bandera Rd Mgmt: Carbon Thompson
23) Belleza at Cresta Bella 20202 Cresta Avenida, San Antonio, TX 78256
288 Dec12 UTSA/ La Cantera/ Bandera Rd Mgmt: N R P Group
24) 1800 Broadway 1800 Broadway St, San Antonio, TX 78215
230 Dec12 Downtown/ Trinity University Mgmt: Greystar
25) Terraces At Haven For Hope 703 N San Marcos St, San Antonio, TX 78207
140 Nov12 Downtown/ Trinity University Mgmt: N R P Group
26) Mission Hill 2745 Westpointe Dr, New Braunfels, TX 78132
187 Nov12 New Braunfels/ Seguin Mgmt: Capstone Real Estate Svc
7,503
back to top Source: Apartment Data Services, Inc. 800/595-8730
Proposed Construction / Greater San Antonio - November 2013
Name (sorted by Area) Units Area & Management
1) Elan Riverwalk 441 E Cesar E.Chavez Blvd, San Antonio, TX 78204
350 Downtown/ Trinity University Mgmt: Greystar
2) Sunset Rd and Everest St Site W Sunset Rd and Everest St, San Antonio, TX 78209
300 Alamo Heights/ The Quarry Mgmt: Flournoy Development
3) Cibolo Valley Rd Site IH 35 & Cibolo Valley Rd, Cibolo, TX 78154
350 Windcrest/ Universal City Mgmt: Grey Forest Development
4) Residences at Solms Village FM 306 & Goodwin Ln, New Braunfels, TX 78130
80 New Braunfels/ Seguin Mgmt: Herman & Kittle Props
5) Villas at Sundance Ph II 2056 Sundance Pkwy, New Braunfels, TX 78130
240 New Braunfels/ Seguin Mgmt: Koontz McCombs
6) Mansions Located at TPC II 22800 Bulverde Rd, San Antonio, TX 78261
150 Thousand Oaks/ San Pedro/ StoneOak Mgmt: Western Rim
7) Singing Hills TX-46 & US 281, Bulverde, TX 78070
200 Thousand Oaks/ San Pedro/ StoneOak Mgmt: REOC Partners
8) Tacara Stone Oak 22803 Hwy 281, San Antonio, TX 78253
403 Thousand Oaks/ San Pedro/ StoneOak Mgmt: Casey Development
9) Boardwalk Med Center Ph II 7838 Huebner Rd, San Antonio, TX 78240
84 Medical Center/ USAA/ Leon Valley Mgmt: Greystar
Map data ©2013 Google, INEGI
10) Medical Dr Site Babcock @ Medical Dr, San Antonio, TX 78229
300 Medical Center/ USAA/ Leon Valley Mgmt: Big Red Dog Civil Eng
11) Boardwalk on Research Prue Rd @ Fredericksburg, San Antonio, TX 78240
332 UTSA/ La Cantera/ Bandera Rd Mgmt: Tejas Tierra
12) I-10 and Loop 1604 Site II, III I-10 @ Loop 1604, San Antonio, TX 78257
600 UTSA/ La Cantera/ Bandera Rd Mgmt: Oden Hughes
13) I-10 and Loop 1604 Site Ph I I-10 @ Loop 1604, San Antonio, TX 78257
350 UTSA/ La Cantera/ Bandera Rd Mgmt: Oden Hughes
14) Overlook at the Rim Talavera Ridge, San Antonio, TX 78257
315 UTSA/ La Cantera/ Bandera Rd Mgmt: Gilmore Davis Companies
15) Residences @ La Cantera II, III 6215 Via La Cantera, San Antonio, TX 78256
600 UTSA/ La Cantera/ Bandera Rd Mgmt: Cambridge Dev & USAA RE
16) Rialto Village 25111 IH 10 W, San Antonio, TX 78006
250 UTSA/ La Cantera/ Bandera Rd Mgmt: Schuparra Properties
17) Woods of Frederick Creek Johns Rd & Lattimore Blvd, Boerne, TX 78006
90 Boerne/ Kerrville Mgmt: Grey Forest Development
18) Masters Ranch (TaxCred) 4700 block Pecan Valley Dr, San Antonio, TX 78223
252 Brooks AFB/ I-10E Mgmt: Hogan RE Services
19) Pickwell Park Military Dr & I-37, San Antonio, TX 78223
412 Brooks AFB/ I-10E Mgmt: White Conlee Builders
20) Barcelona Lofts Ph II 6201 Grissom Rd, San Antonio, TX 78238
116 Hwy 151/ SeaWorld Mgmt: Milmo Group
21) Medio Springs (TaxCred) 1530 Marbach, San Antonio, TX 78245
252 Hwy 151/ SeaWorld Mgmt: Hogan RE Services
22) Monterrey Village Loop 410 & Hwy 151, San Antonio, TX 78245
400 Hwy 151/ SeaWorld Mgmt: Stratford Realty Capital
23) Reed Rd & 1604 Site 1907 W Loop 1604 N, San Antonio, TX 78251
354 Hwy 151/ SeaWorld Mgmt: Grey Forest Development
6,780
back to top Source: Apartment Data Services, Inc. 800/595-8730
Rental Concessions / Greater San Antonio - November 2013
Class
======
Total # of
Properties & Units
Offering Concessions
=======================
ALL Properties
% Effect of
Concessions on
Market Price
==============
ONLY Properties
w/ Concessions
% Effect of
Concessions on
Market Price
==============
Properties: 277 36%
All Units: 64,316 41% -1.8% -4.5%
Properties: 41 37%
A Units: 10,934 39% -1.9% -5.0%
Properties: 90 36%
B Units: 22,918 41% -1.9% -4.5%
Properties: 102 38%
C Units: 22,913 43% -1.8% -4.0%
Properties: 44 30%
D Units: 7,551 35% -1.9% -5.4%
Note: One Month Free = -8.3%
back to top Source: Apartment Data Services, Inc. 800/595-8730
Hottest Sub-Markets / Greater San Antonio - November 2013
Rank Sub-market AreaRental Rate
(c/sf/mo)
Rental Rate GrowthPast 3 mos (annualized)
% of Mkt AbsorbedPast 3 mos
1 Boerne/ Kerrville 89.3 21.1% 2.4%
2 Alamo Heights/ The Quarry 106.1 9.7% 2.3%
3 New Braunfels/ Seguin 105.2 2.2% 4.0%
4 Blanco Rd/ West Ave 95.7 11.4% 0.0%
5 Kelly AFB/ I-35S 83.6 15.1% -0.1%
6 Downtown/ Trinity University 115.8 2.2% 1.8%
7 Castle Hills/San Pedro/ Jackson-Keller 82.8 1.5% 0.6%
8 Thousand Oaks/ San Pedro/ Stone Oak 102.2 -2.2% 1.6%
9 Nacogdoches Rd/ Perrin Beitel Rd 84.0 3.6% -0.7%
10 Brooks AFB/ I-10E 82.6 2.9% -0.6%
11 Windcrest/ Universal City 92.1 2.5% -0.5%
12 UTSA/ La Cantera/ Bandera Rd 104.8 -4.5% 0.9%
13 Medical Center/ USAA/ Leon Valley 90.7 1.3% -0.3%
14 Balcones Heights/ St Mary's University 78.5 -6.9% -0.2%
15 Hwy 151/ SeaWorld 93.8 -2.4% -0.7%
Rank is based on the combination of rental rate growth and absorption over the past 3 months.
back to top Source: Apartment Data Services, Inc. 800/595-8730
Economy at a Glance / Greater San Antonio - November 2013 Monthly 12 Month Total or
% change YTD* and % change
vs year ago vs year ago
================ =================
Building Permits (units) - (August 2013)
San Antonio
Single Family 511 7.6% 3,870* 16.6%
Multi-Family (5+) 264 -43.3% 1,707* -24.1%
________________________________________________________________________
MLS ACTIVITY (August 2013)
San Antonio
Closings 2,484 16.0% 16,502* 19.0%
Median Sales Price ($) 174,300 9.0% 169,100* 6.0%
________________________________________________________________________
JOBS San Antonio (August 2013)
Total Nonfarm Employment (000) 889.9 0.9%
Natural Resources & Mining 4.5 7.1%
Construction 43.6 5.1%
Manufacturing 46.8 0.0%
Trade, Transportation & Utilities 151.1 0.7%
Information 20.8 3.5%
Financial Activities 71.1 -1.9%
Professional & Business Services 108.7 -0.3%
Eduction & Health Services 135.3 0.4%
Leisure & Hospitality 117.3 1.1%
Other Services 34.0 2.7%
Government 156.7 1.6%
12 Month Net Change 7.8 0.9%
________________________________________________________________________
CONSUMER PRICE INDEX (August 2013)
U.S. City Average - All Items 233.5 1.5%
All Urban Consumers(1982-84=100)
________________________________________________________________________
UNEMPLOYMENT RATE (August 2013)
San Antonio 6.5%
Texas 6.5%
U.S.A. 7.4%
________________________________________________________________________
back to top Source: Apartment Data Services, Inc. 800/595-8730, Real Estate Center at Texas A&M University, FW Dodge Division of McGraw-Hill,US Bureau of the Census, US Bureau of Labor Statistics, Texas Workforce Commission
Largest Mgmt Companies / Greater San Antonio - November 2013
Greater San Antonio Area ranked by number of units managed.
Rank Management Company Units Apartments
1 United Apartment Group 7,665 41
2 Greystar 7,155 32
3 Lynd Company, The 5,645 27
4 Management Support 3,747 11
5 Lincoln Property Co 3,142 14
6 Orion Real Estate Svc 3,101 19
7 Pinnacle Realty Mgmt 3,010 12
8 Diamond Mgmt 3,008 10
9 Western Rim Property Svc 2,737 8
10 Capstone Real Estate Svc 2,595 11
11 N R P Group 2,518 13
12 Cottonwood Residential 2,373 9
13 U S Residential Group 2,257 9
14 Homespring Residential 2,110 9
15 Alpha-Barnes 2,027 12
Texas Markets ranked by number of units managed. (Houston, Dallas/FW, San Antonio and Austin)
Rank Management Company Units Apartments
1 Greystar 67,991 239
2 Lincoln Property Co 42,938 139
3 Riverstone Residential 25,573 90
4 Pinnacle Realty Mgmt 24,923 101
5 Westdale Asset Mgmt 23,718 91
6 M A A 20,027 62
7 Milestone Mgmt 19,446 69
8 Orion Real Estate Svc 19,257 100
9 B H Mgmt Svc Inc 18,375 55
10 Camden Property Trust 18,263 49
11 U S Residential Group 17,390 56
12 Asset Plus / Greystone 16,318 65
13 C W S Mgmt 16,112 56
14 Capstone Real Estate Svc 15,090 74
15 Gables Residential 14,848 54
back to top Source: Apartment Data Services, Inc. 800/595-8730
Op:AA Copyright© 2013 Apartment Data Services, Inc. All Rights Reserved Setup Contact Us Privacy Policy Exit/Log Out