Apartment Pulse. San Antonio, Tx

Transcription

1 Apartment Pulse Copyright 2013 Apartment Data Services, Inc. San Antonio, Tx Prepared by: SAMPLE Contents: Market Performance Changes Under Construction Recently Opened Proposed Construction Rental Concessions Hottest Sub-markets Economy at a Glance Largest Management Companies

2 Market Performance / Greater San Antonio - November 2013 Overall Class A Class B Class C Class D # of Properties # of Units 158,667 27,850 56,073 52,874 21,870 Avg Price ($/mo) $798 $1,088 $841 $673 $623 Avg Rate (c/sf/mo) Occupancy 90.1% 82.5% 91.7% 92.0% 90.8% Trends Past 3 months Past 6 months Past 12 months Rental Rate Growth (annualized) 2.2% 3.8% 3.8% Absorption (units) 545 1,762 3,836 Year # of Units New Units Added to Market Units Absorbed Occupancy Price ($/mo) Rent Trend ,652 2,104 1, % $ % ,342 6,749 6, % $ % ,143 5,759 3, % $ % ,746 4,932 3, % $ % ,516 4,990 3, % $ % ,996 5,229 3, % $ % , , % $ % ,273 1,908 2, % $ % ,267 5,058 4, % $ % 2013* 158,667 5,400 3, % $ %** * = partial year ** = based on past 12 months (trailing)

3 Changes / Greater San Antonio - November 2013 Listed below are the number of changes that have occurred over the past 30, 60 and 90 days. SAN ANTONIO Management Company On-Site Manager Apartment Name Past 30 days: Past 60 days: Past 90 days: Other Texas Markets HOUSTON Management Company On-Site Manager Apartment Name Past 30 days: Past 60 days: Past 90 days: DALLAS/FW Past 30 days: Past 60 days: Past 90 days: AUSTIN Past 30 days: Past 60 days: Past 90 days:

4 Under Construction / Greater San Antonio - November km 20 mi Map data 2013 Google, INEGI Name (sorted by Area) Units MoveIns Area & Management 1) Brackenridge At Midtown, The 223 Brackenridge Ave, San Antonio, TX ) CityVista 647 E Hildebrand Ave, San Antonio, TX ) Peanut Factory Lofts 1025 S Frio St, San Antonio, TX ) River House, The 122 Roy Smith St, San Antonio, TX ) San Juan Square III 2404 S Calaveras St, San Antonio, TX ) 1111, The 1111 Austin Hwy, San Antonio, TX ) Urban Crest 3535 Harry Wurzbach Rd, San Antonio, TX ) Epoch Stone Canyon Golf, San Antonio, TX ) Lookout Hollow II Lookout Hollow Circle, Selma, TX ) Sonterra Blue 922 E Sonterra Blvd, San Antonio, TX Jan14 Downtown/ Trinity University Mgmt: Embrey Mgmt Services 141 Dec14 Downtown/ Trinity University Mgmt: Koonz McCombs 102 Aug14 Downtown/ Trinity University Mgmt: Federal Mgmt 261 Jan15 Downtown/ Trinity University Mgmt: Hixon Dev 252 Sep14 Downtown/ Trinity University Mgmt: N R P Group 278 Jan14 Alamo Heights/ The Quarry Mgmt: Landbridge 208 Aug14 Alamo Heights/ The Quarry Mgmt: Bakke Development Corp 308 Jul14 Windcrest/ Universal City Mgmt: Epoch 116 Jun14 Windcrest/ Universal City Mgmt: Greystone Asset Mgmt 342 Apr14 Thousand s/ San Pedro/ Stone Mgmt: Lincoln Property Co

5 11) Firewheel 6155 Eckhert Rd, San Antonio, TX ) Residences At La Cantera, The 6215 Via La Cantera, San Antonio, TX ) Village At Leon Springs Boerne Stage Rd, Boerne, TX ) Park At Sutton s, The 1010 Locke Ave, San Antonio, TX ) Reserve At Lone Loop Liedecke Rd, San Antonio, TX ) Lonesome Dove Dove Canyon, San Antonio, TX ) Springs At Alamo Ranch Westwood Loop, San Antonio, TX Mar14 UTSA/ La Cantera/ Bandera Rd Mgmt: Greystar 323 Jan14 UTSA/ La Cantera/ Bandera Rd Mgmt: Riverstone Residential 328 Jul14 Boerne/ Kerrville Mgmt: Embrey Mgmt Services 208 Jun14 Brooks AFB/ I-10E Mgmt: Franklin Mgmt 200 May14 Kelly AFB/ I-35S Mgmt: MacDonald Assoc 360 Jul14 Hwy 151/ SeaWorld Mgmt: Hudgins 232 Feb14 Hwy 151/ SeaWorld Mgmt: Continental Properties 4,307

6 Recently Opened / Greater San Antonio - November 2013 Map data 2013 Google, INEGI Name (sorted by MoveIns) Units MoveIns Area & Management 1) Vantage At Judson 5126 N Loop 1604 E, San Antonio, TX ) Tacara At Westover Hills 8543 State Highway 151, San Antonio, TX ) Vantage At Shavano NW Military Hwy, San Antonio, TX ) Retreat At Cross Mountain Babcock Rd, San Antonio, TX ) Ranch At Cibolo Creek, The 1681 River Rd, Boerne, TX ) Platinum Shavano s Huebner Rd, San Antonio, TX ) Park At West Ave West Ave, San Antonio, TX ) Westwood Culebra Rd, San Antonio, TX ) Siena On Sonterra 600 E Sonterra Blvd, San Antonio, TX Jan14 Thousand s/ San Pedro/ Stone Mgmt: United Apartment Group 312 Dec13 Kelly AFB/ I-35S Mgmt: Greystar 288 Nov13 UTSA/ La Cantera/ Bandera Rd Mgmt: United Apartment Group 145 Nov13 UTSA/ La Cantera/ Bandera Rd Mgmt: Capstone Real Estate Svc 116 Nov13 Boerne/ Kerrville Mgmt: United Apartment Group 350 Oct13 Blanco Rd/ West Ave Mgmt: Riverstone Residential 360 Oct13 Blanco Rd/ West Ave Mgmt: Embrey Mgmt Services 204 Sep13 Hwy 151/ SeaWorld Mgmt: Diamond Mgmt 251 Sep13 Thousand s/ San Pedro/ Stone Mgmt: Flournoy Properties

7 10) Mosaic, The 1915 Broadway St, San Antonio, TX ) Ranch At The Guadalupe, The 1927 Gruene Rd, New Braunfels, TX ) Grand, The Nacogdoches Rd, San Antonio, TX ) Bulverde s 3515 Canyon Pkwy, San Antonio, TX ) Arden Park 8638 Huebner Rd, San Antonio, TX ) Springs At Stone Village Estate Hill Dr, San Antonio, TX ) Mansions At Briggs Ranch 5565 Mansions Bluffs, San Antonio, TX ) Nobu Station Bulverde Rd, San Antonio, TX ) Mansions At Creekside 625 Creekside Way, New Braunfels, TX ) Estates At Briggs Ranch, The 5525 Mansions Bluffs, San Antonio, TX ) West s Vance Jackson Rd, San Antonio, TX ) Villas In Westover Hills 1818 Rogers Rd, San Antonio, TX ) Pecan Springs 5511 Pecan Springs Rd, San Antonio, TX ) Belleza at Cresta Bella Cresta Avenida, San Antonio, TX ) 1800 Broadway 1800 Broadway St, San Antonio, TX ) Terraces At Haven For Hope 703 N San Marcos St, San Antonio, TX ) Mission Hill 2745 Westpointe Dr, New Braunfels, TX Sep13 Downtown/ Trinity University Mgmt: Broadway Dev 184 Aug13 New Braunfels/ Seguin Mgmt: Lynd Company, The 136 Aug13 Nacogdoches Rd/ Perrin Beitel Rd Mgmt: United Apartment Group 328 Apr13 Thousand s/ San Pedro/ Stone Mgmt: Lincoln Property Co 301 Apr13 Medical Center/ USAA/ Leon Valley Mgmt: Flournoy Properties 360 Mar13 Thousand s/ San Pedro/ Stone Mgmt: Continental Properties 368 Mar13 Hwy 151/ SeaWorld Mgmt: Western Rim Property Svc 474 Feb13 Thousand s/ San Pedro/ Stone Mgmt: Godfrey Res 395 Feb13 New Braunfels/ Seguin Mgmt: Western Rim Property Svc 424 Feb13 Hwy 151/ SeaWorld Mgmt: Western Rim Property Svc 352 Dec12 UTSA/ La Cantera/ Bandera Rd Mgmt: Myan Mgmt Group 558 Dec12 Hwy 151/ SeaWorld Mgmt: Management Support 344 Dec12 UTSA/ La Cantera/ Bandera Rd Mgmt: Carbon Thompson 288 Dec12 UTSA/ La Cantera/ Bandera Rd Mgmt: N R P Group 230 Dec12 Downtown/ Trinity University Mgmt: Greystar 140 Nov12 Downtown/ Trinity University Mgmt: N R P Group 187 Nov12 New Braunfels/ Seguin Mgmt: Capstone Real Estate Svc 7,503

8 Proposed Construction / Greater San Antonio - November 2013 Map data 2013 Google, INEGI Name (sorted by Area) Units Area & Management 1) Elan Riverwalk 441 E Cesar E.Chavez Blvd, San Antonio, TX ) Sunset Rd and Everest St Site W Sunset Rd and Everest St, San Antonio, TX ) Cibolo Valley Rd Site IH 35 & Cibolo Valley Rd, Cibolo, TX ) Residences at Solms Village FM 306 & Goodwin Ln, New Braunfels, TX ) Villas at Sundance Ph II 2056 Sundance Pkwy, New Braunfels, TX ) Mansions Located at TPC II Bulverde Rd, San Antonio, TX ) Singing Hills TX-46 & US 281, Bulverde, TX ) Tacara Stone Hwy 281, San Antonio, TX ) Boardwalk Med Center Ph II 7838 Huebner Rd, San Antonio, TX Downtown/ Trinity University Mgmt: Greystar 300 Alamo Heights/ The Quarry Mgmt: Flournoy Development 350 Windcrest/ Universal City Mgmt: Grey Forest Development 80 New Braunfels/ Seguin Mgmt: Herman & Kittle Props 240 New Braunfels/ Seguin Mgmt: Koontz McCombs 150 Thousand s/ San Pedro/ Stone Mgmt: Western Rim 200 Thousand s/ San Pedro/ Stone Mgmt: REOC Partners 403 Thousand s/ San Pedro/ Stone Mgmt: Casey Development 84 Medical Center/ USAA/ Leon Valley Mgmt: Greystar

9 10) Medical Dr Site Medical Dr, San Antonio, TX ) Boardwalk on Research Prue Fredericksburg, San Antonio, TX ) I-10 and Loop 1604 Site II, III Loop 1604, San Antonio, TX ) I-10 and Loop 1604 Site Ph I Loop 1604, San Antonio, TX ) Overlook at the Rim Talavera Ridge, San Antonio, TX ) La Cantera II, III 6215 Via La Cantera, San Antonio, TX ) Rialto Village IH 10 W, San Antonio, TX ) Woods of Frederick Creek Johns Rd & Lattimore Blvd, Boerne, TX ) Masters Ranch (TaxCred) 4700 block Pecan Valley Dr, San Antonio, TX ) Pickwell Park Military Dr & I-37, San Antonio, TX ) Barcelona Lofts Ph II 6201 Grissom Rd, San Antonio, TX ) Medio Springs (TaxCred) 1530 Marbach, San Antonio, TX ) Monterrey Village Loop 410 & Hwy 151, San Antonio, TX ) Reed Rd & 1604 Site 1907 W Loop 1604 N, San Antonio, TX Medical Center/ USAA/ Leon Valley Mgmt: Big Red Dog Civil Eng 332 UTSA/ La Cantera/ Bandera Rd Mgmt: Tejas Tierra 600 UTSA/ La Cantera/ Bandera Rd Mgmt: Oden Hughes 350 UTSA/ La Cantera/ Bandera Rd Mgmt: Oden Hughes 315 UTSA/ La Cantera/ Bandera Rd Mgmt: Gilmore Davis Companies 600 UTSA/ La Cantera/ Bandera Rd Mgmt: Cambridge Dev & USAA RE 250 UTSA/ La Cantera/ Bandera Rd Mgmt: Schuparra Properties 90 Boerne/ Kerrville Mgmt: Grey Forest Development 252 Brooks AFB/ I-10E Mgmt: Hogan RE Services 412 Brooks AFB/ I-10E Mgmt: White Conlee Builders 116 Hwy 151/ SeaWorld Mgmt: Milmo Group 252 Hwy 151/ SeaWorld Mgmt: Hogan RE Services 400 Hwy 151/ SeaWorld Mgmt: Stratford Realty Capital 354 Hwy 151/ SeaWorld Mgmt: Grey Forest Development 6,780

10 Rental Concessions / Greater San Antonio - November 2013 Class ====== Total # of Properties & Units Offering Concessions ======================= ALL Properties % Effect of Concessions on Market Price ============== ONLY Properties w/ Concessions % Effect of Concessions on Market Price ============== Properties: % All Units: 64,316 41% -1.8% -4.5% Properties: 41 37% A Units: 10,934 39% -1.9% -5.0% Properties: 90 36% B Units: 22,918 41% -1.9% -4.5% Properties: % C Units: 22,913 43% -1.8% -4.0% Properties: 44 30% D Units: 7,551 35% -1.9% -5.4% Note: One Month Free = -8.3%

11 Hottest Sub-Markets / Greater San Antonio - November 2013 Rank Sub-market Area Rental Rate (c/sf/mo) Rental Rate Growth Past 3 mos (annualized) % of Mkt Absorbed Past 3 mos 1 Boerne/ Kerrville % 2.4% 2 Alamo Heights/ The Quarry % 2.3% 3 New Braunfels/ Seguin % 4.0% 4 Blanco Rd/ West Ave % 0.0% 5 Kelly AFB/ I-35S % -0.1% 6 Downtown/ Trinity University % 1.8% 7 Castle Hills/San Pedro/ Jackson-Keller % 0.6% 8 Thousand s/ San Pedro/ Stone % 1.6% 9 Nacogdoches Rd/ Perrin Beitel Rd % -0.7% 10 Brooks AFB/ I-10E % -0.6% 11 Windcrest/ Universal City % -0.5% 12 UTSA/ La Cantera/ Bandera Rd % 0.9% 13 Medical Center/ USAA/ Leon Valley % -0.3% 14 Balcones Heights/ St Mary's University % -0.2% 15 Hwy 151/ SeaWorld % -0.7% Rank is based on the combination of rental rate growth and absorption over the past 3 months.

12 Economy at a Glance / Greater San Antonio - November 2013 Monthly 12 Month Total or % change YTD* and % change vs year ago vs year ago ================ ================= Building Permits (units) - (August 2013) San Antonio Single Family % 3,870* 16.6% Multi-Family (5+) % 1,707* -24.1% MLS ACTIVITY (August 2013) San Antonio Closings 2, % 16,502* 19.0% Median Sales Price ($) 174, % 169,100* 6.0% JOBS San Antonio (August 2013) Total Nonfarm Employment (000) % Natural Resources & Mining % Construction % Manufacturing % Trade, Transportation & Utilities % Information % Financial Activities % Professional & Business Services % Eduction & Health Services % Leisure & Hospitality % Other Services % Government % 12 Month Net Change % CONSUMER PRICE INDEX (August 2013) U.S. City Average - All Items % All Urban Consumers( =100) UNEMPLOYMENT RATE (August 2013) San Antonio 6.5% Texas 6.5% U.S.A. 7.4%, Real Estate Center at Texas A&M University, FW Dodge Division of McGraw-Hill, US Bureau of the Census, US Bureau of Labor Statistics, Texas Workforce Commission

13 Largest Mgmt Companies / Greater San Antonio - November 2013 Greater San Antonio Area ranked by number of units managed. Rank Management Company Units Apartments 1 United Apartment Group 7, Greystar 7, Lynd Company, The 5, Management Support 3, Lincoln Property Co 3, Orion Real Estate Svc 3, Pinnacle Realty Mgmt 3, Diamond Mgmt 3, Western Rim Property Svc 2, Capstone Real Estate Svc 2, N R P Group 2, Cottonwood Residential 2, U S Residential Group 2, Homespring Residential 2, Alpha-Barnes 2, Texas Markets ranked by number of units managed. (Houston, Dallas/FW, San Antonio and Austin) Rank Management Company Units Apartments 1 Greystar 67, Lincoln Property Co 42, Riverstone Residential 25, Pinnacle Realty Mgmt 24, Westdale Asset Mgmt 23, M A A 20, Milestone Mgmt 19, Orion Real Estate Svc 19, B H Mgmt Svc Inc 18, Camden Property Trust 18, U S Residential Group 17, Asset Plus / Greystone 16, C W S Mgmt 16, Capstone Real Estate Svc 15, Gables Residential 14, Op:AA Copyright 2013 Apartment Data Services, Inc. All Rights Reserved Setup Contact Us Privacy Policy Exit/Log Out