Forum Capital Advisors has closed on an $18 million preferred equity investment to support the development of Tacara at Steubing Heights, a multifamily project in San Antonio, Texas. Upon completion (anticipated in 2025), the project is expected to include 293 market-rate apartment units across four stories and feature elevator service. The property will offer studio, one-, and two-bedroom floor plans as well as a dedicated amenities building with clubhouse, resort-style pool with outdoor lounge area, and pet park.
Casey Development LTD leads this development effort which boasts over three million square feet of office space industrial space retail space multi family housing self storage real estate developed or acquired within 25 years in San Antonio. Located at De Zavala Road & JV Bacon Parkway intersection within northwest San Antonio submarket it’s about 20 minutes drive from downtown San Antonio.
This post was originally published on Connect CRE
