Cap i ta l Marke ts | I nves tment P roper t i es

Lakeside VillasGarden-Style Multifamily Community with Proven Value-Add Potential and an

Infill Location Adjacent to Alamo Heights

8555 LAURENS LANE | SAN ANTONIO, TX 78218

THE OFFERINGCBRE’s Multi-Housing Investment Team is pleased to announce the exclusive

listing of Lakeside Villas, a multifamily community with significant value-add

potential located in Oakwell Farms, just south of Loop 410 and minutes to

Alamo Heights. Lakeside Villas is one of the most unique communities in the

San Antonio market. Elegant two and three story stucco buildings, featuring

standing seam metal roofs, shelter spacious floor plans with condominium

style features. Lakeside Villas is defined by the spectacular lakes and resort

style pools that are the focal point of the property. The lakes, a truly unique

amenity, are stocked with catch and release game fish. Amenities include a

resident clubhouse and fitness center that overlook the pools and lake, three

swimming pools, two hot tubs, controlled gated access, picnic areas with

barbecue grills, and available covered parking. Completed in 1985, there

are 293 one and two-bedroom units ranging from 574 to 1,211 square feet

featuring refrigerators with ice makers, ceiling fans, walk-in closets and

private patios/balconies. In addition, washer/dryer connections are included

in all but the smallest two floorplans, while fireplaces, vaulted ceilings and

built-in computer desk/bookshelves can be found in select units.

INVESTMENT HIGHLIGHTS Proven Value-Add Potential

There is an excellent opportunity for rent growth through a high-end

unit interior upgrade program, as well as updating several community

amenities including the fitness facility and swimming pools. Multiple

communities in the nearby area have already undergone unit interior

upgrades that have been very well received by renters desiring a higher

level of finish-out. Lakeside Villas recently completed 8 renovated

units that generate $100 rental rate premiums. These upgraded units,

completed after a fire in building 22, feature black appliances, grey

laminate counters, dark wood cabinets, and brushed nickel fixtures. No

other significant interior upgrades have been completed at the asset,

providing tremendous revenue growth potential.

Attractive Community Located Adjacent to Alamo Heights

Lakeside Villas located just inside Loop 410 within the approximate 400

acre Oakwell Farms development in Northeast San Antonio. The property

is within minutes of Alamo Heights, the premier high-end neighborhood

of San Antonio. Lakeside Villas consists of 293 one and two-bedroom

floor plans and offers lake-side views in a lush wooded setting. Fort Sam

Houston and Brooke Army Medical Center are within an easy ten minute

drive. The bases have experienced tremendous employment growth in

recent years, and military renters are a significant rental driver at the

property. With its proximity to major employers and retail along the

Loop 410 corridor and in Alamo Heights, Lakeside Villas offers investors

continued rent growth potential and long term value-add appreciation.

Convenient Access to Major Employers

Lakeside Villas is strategically-positioned within minutes of many

flourishing employment centers in Northeast San Antonio. The former

Windsor Park Mall was converted to the world headquarters for

Rackspace. This facility currently totals over 2,400 employees. Fort Sam

Houston, employing approximately 32,000, recently underwent a $2.5

billion dollar expansion to be the new home of the Armed Forces medical

training headquarters. Additionally, the community is located just four

miles east of the San Antonio International Airport on Loop 410 and less

than a mile from Northeast Baptist Hospital.

Nearby Retail and Neighborhood Amenities

Residents have excellent access to Loop 410 and are within walking

distance of Garner Middle School. The property is located within a short

drive to three of San Antonio’s premier retail destinations: Northstar Mall,

The Quarry, and The Forum at Olympia Parkway. North Star Mall, located

west of the property at Loop 410 and San Pedro, is anchored by Saks Fifth

Avenue, Macy’s, Dillards and JC Penney. The Quarry, a nearly 700,000

square foot retail development located on Highway 281 just south of Loop

410, is host to a full roster of national retailers. The Forum at Olympia

Parkway, a 1.3 million square-foot open-air retail development located a

short drive from the property, covers 170 acres with over 120 stores. Just

two miles south of Lakeside Villas on Austin Highway is the HEB anchored

Sunset Square shopping center.

Financing

Lakeside Villas is being offered on an “All Cash” basis to allow for

unrestricted financing options.

EXECUTIVE SUMMARY

INVESTMENT SUMMARY

Property Lakeside Villas

8555 Laurens Lane, San Antonio, TX 78218

Year Built /Renovated 1985

Total units 293

Net Rentable Area 269,768 SF

Average Unit Size 921 SF

Price To Be Determined by Market

Offering Terms All Cash

COMMUNITY AMENITIES

nn Resident clubhouse

nn 24-Hour fitness center

nn Three swimming pools

nn Available covered parking

nn Picnic area with barbecue grills

nn Select apartment units with lake views

nn Serene wooded setting

nn Laundry facilities

nn Limited access gated community

nn Three fish-stocked ponds

UNIT AMENITIES

nn Choice of one or two-bedroom apartment homes

nn Refrigerator with ice maker

nn Microwave

nn Built-in computer desks*

nn Built-in bookshelves*

nn Large walk-in closets

nn Washer / dryer connections*

nn Ceiling fans

nn Fireplaces*

nn Vaulted ceilings*

nn Private patio / balcony

*Select Units

UNIT MIX

Bed Description Units SF Market RentMarket

Rent/Unit

Market

Rent/SF

1 Bed / 1.0 Bath 20 574 $13,600 $680 $1.18

1 Bed / 1.0 Bath 20 701 $15,800 $790 $1.13

1 Bed / 1.0 Bath 92 819 $76,912 $836 $1.02

1 Bed / 1.0 Bath 32 851 $27,232 $851 $1.00

1 Bed / 1.0 Bath 24 887 $21,528 $897 $1.01

1 Bed / 1.0 Bath 1 1000 $1,077 $1,077 $1.08

1 Bed / 1.0 Bath 16 1073 $16,768 $1,048 $0.98

2 Bed / 1.0 Bath 28 1104 $30,016 $1,072 $0.97

2 Bed / 1.0 Bath 20 1144 $21,860 $1,093 $0.96

2 Bed / 2.0 Bath 40 1211 $44,920 $1,123 $0.93

Totals/Averages 293 921 $269,713 $921 $1.00

CAPITAL MARKETS | INVESTMENT PROPERTIES

Charles CirarVice ChairmanT: 512.499.4916C: 512.917.1592charles.cirar@cbre.com

Ryan EpsteinExecutive Vice PresidentT: 713 787 1977C: 210 687 3683ryan.epstein@cbre.com

Michael WardlawSales AssociateT: 512.482.5515C: 512.297.9331michael.wardlaw@cbre.com

Colin CannataAnalystT: 512.499.4979C: 512.605.8604colin.cannata@cbre.com

© 2015 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

CBRE, Inc.100 Congress AvenueSuite 500Austin, TX 78701T: 512.499.4900

To Schedule A Tour, Contact:Darcy HammarCoordinatorT: 512 499 4949darcy.hammar@cbre.com

AERIAL VIEW

SAN ANTONIOINTERNATIONAL AIRPORT

N

NORTH STAR MALL

QUARRY MARKETFound from websiteRecreate PMS

CHRISTUS SANTA ROSA HOSPITAL

QUARRY GOLF CLUB

NORTHWESTOFFICE TOWER

GARNER MIDDLE SCHOOL

LAKESIDEVILLAS

BROOKDALE OAKWELLASSISTED LIVING

REGENTS CARE MEDICAL CENTER (ASSISTED LIVING)

NORTHEAST BAPTIST HOSPITAL

ALAMO HEIGHTS

TOBIN PARK

OAKWELL FARMS

OAKWELL FARMS P

KY

LAURENS LANE

IRA LEE ROAD

HARRY WURZBACH RD