San Antonio Multifamily Market

Rich with heritage and a confluence of cultures, San Antonio is the 7th most populous city in the U.S. and the 2nd largest in the state of Texas.^[1] The metro’s inflation adjusted economic output expanded by 3.4% year-over-year by the end of 4Q 2022, and the unemployment rate matched the national average of 3.4%.^[2] With an exceptionally high concentration of employers providing steady jobs in healthcare, data processing, military, government, and aerospace manufacturing & repair, the San Antonio market has long benefited from stable growth.^[3]

San Antonio’s rental market reflected the area’s diverse economy, with effective asking rents up 5.6% year-over-year and occupancy at 93.0% at the end of 4Q 2022.4 The steady employment spectrum of healthcare, military, aerospace manufacturing and government sectors has attracted the attention of new developers. At the end of 4Q 2022 there were 16,359 new units under construction with 8,444 units expected to be delivered over the next year.^[4]

Despite the impending new supply, the market is expected to continue to perform well in 2023. RealPage forecasts effective asking rents to increase an additional 2.4% in 2023, with occupancy maintaining at 92.8%.^[5] Because of the steady job market and housing fundamentals, CWS believes the San Antonio multifamily market should remain very attractive in the long term.

Contact us to learn about our San Antonio real estate investment strategy. To view our San Antonio properties, please visit our affiliated CWS Apartment Homes website.

Disclaimer: The information provided here is for your general informational purposes only. It should not be considered a recommendation or personalized advisory advice. All investments involve risk including the possible loss of principal. You should familiarize yourself with all risks associated with any investment product before investing.

Advisory services are provided by CWS Capital Partners LLC, a registered investment advisor. Securities offered by CWS Capital Partners LLC are through an affiliated entity, CWS Investments. CWS Investments is a registered Broker Dealer, member FINRA, SIPC.

References:

^[1] https://worldpopulationreview.com

^[2] RealPage 4Q22 San Antonio-New Braunfels, TX Market Report (Pg. 3)

^[3] https://greatersatx.com/business-in-satx/major-employers/

^[4] RealPage 4Q22 San Antonio-New Braunfels, TX Market Report (Pg. 1)

^[5] RealPage 4Q22 San Antonio-New Braunfels, TX Market Report (Pg. 1)

➤ Disclosure :

The property pictures featured throughout this website have already been capitalized by CWS investors and are not available for investment. Past performance is no guarantee of future results.

This website is provided to you by CWS Capital Partners. CWS Capital Partners provides investment advice to its proprietary funds. Through its affiliate CWS Apartment Homes it offers real estate related advice. Investment opportunities may be in the form of a single property offering or a pooled investment vehicle and are through an affiliated entity, CWS Investments. CWS Investments is a registered broker dealer, member FINRA SIPC. The information on this website is not intended to be investment advice or an offer; offers can only be made with the private placement memorandum and offering documents.

Private placement real estate securities offerings are speculative and involve substantial risks. Risks may include, but are not limited to, illiquidity, lack of diversification, loss of capital, default risk, environmental, development, and capital call risk. Investments may not achieve their objectives as outlined in their business plans.

For more information about CWS Capital Partners see its Form ADV. For information about CWS Investments see its Form CRS and FINRA Broker Check .