By Jeff Hamann
Capstone Real Estate Services has landed management contracts for four residential properties across the state of Texas. The newly signed 512 units add to the company’s more than 38,000 managed rental units. Throughout the year, the company has significantly increased its property management portfolio. The four residential properties include two apartment communities and two single-family rental home developments.
Located at 3807 Plantation Grove Blvd. in Mission, Texas, Las Misiones Apartment Homes is the southernmost of the four properties. It was constructed in 2003 and contains 118 luxury units spread across 11 buildings. The property offers one-, two- and three-bedroom housing options, ranging in size from 734 to 1,359 square feet. The apartment community sits within five miles of the U.S. border with Mexico and is located within two miles of Interstate 2. Amenities at the property include a swimming pool, fitness center, clubhouse and business center.
Sansom Pointe Senior Apartments is a 216-unit senior living development located at 2500 Washington Ave. in Sansom Park, a northwest suburb of Fort Worth. Owned and being constructed by LDG Development, its first units are nearing completion. The property features both one- and two-bedroom apartments, with rents ranging from $743 to $895 per month. The community will include a swimming pool, fitness center, library and communal lounge for residents, with disabled access throughout the property.
The other two properties, Legacy Homes and Rivers Edge Homes, are both being developed as single-family rental home communities in the northern suburbs of Austin. The two properties are planned to make up a total of 178 units. Construction is estimated to wrap up on both projects in the first quarter of 2018.
Image via Google Street View