Nest Apartments SOLD for $9.6 Million

In Case Studies by adminLeave a Comment

threeIn July 2017, JoCo Partners announced the sale of Nest apartments in North Central San Antonio, Texas for $9.6 million, yielding a 31% IRR to our investors.
JoCo acquired this 147-unit apartment complex in the winter of 2014 for
$4 million. After purchase, extensive exterior and interior renovation of the entire
complex was performed and included:

  • Roof replacement
  • New landscaping and irrigation
  • New HVAC systems in all units
  • New Paint
  • Resurfaced cabinets and countertops
  • Upgrades to fixtures, appliances, and bathroom plumbing
  • LED Lighting and other safety improvements for residents
Watch the video of the renovation process:

JoCo Partners is a vertically integrated real estate investment group with a niche focus on value-add multifamily real estate. JoCo currently has interests in the Texas and Pennsylvania markets, and now seeks expansion throughout the United States. JoCo Partners and its related entities (Ava’s Construction, LLC and Nexus RE, LLC) collaborate with real estate investors to evaluate, acquire, reposition, manage, and create an exit strategy for each property based on its highest value and best use. JoCo
Partners has a track record of positioning acquisitions to secure steady cash flow while maximizing upside potential for disposition. Currently, JoCo Partners oversees the performance on more than 1800 rentable units, over $120 Million in asset value, including office and retail, with the great majority of its focus in multi-family properties. For more information about our Project Portfolio and becoming an investor in upcoming projects, please contact us at:
Investor Relations
Office: 512.717.6620

Leave a Comment