San Antonio, Texas, January 6, 2026
A Dallas-based real estate firm has acquired the Lantower Alamo Heights senior apartment complex in San Antonio, Texas. The complex includes 312 units and was 93% occupied at the time of purchase. Built in 2015, this acquisition highlights the increasing investment in multifamily properties, particularly for senior housing in desirable areas like Alamo Heights. The transition reflects the partnership between Old Three Hundred Capital and Sound Mark Partners, indicating a dynamic market landscape.
Dallas Firm Acquires Senior Apartment Complex in Alamo Heights Area
San Antonio, Texas – A Dallas-based real estate firm has recently acquired a senior apartment complex in the Alamo Heights area of San Antonio, Texas. The property, known as Lantower Alamo Heights, comprises 312 one-, two-, and three-bedroom units and was 93% occupied at the time of acquisition. Built in 2015, the complex offers a total of 259,951 rentable square feet. The acquisition was financed with a non-recourse, floating-rate acquisition loan arranged by JLL Capital Markets on behalf of Old Three Hundred Capital, the Austin-based sponsor. This transaction marks the second collaboration between Old Three Hundred Capital and Sound Mark Partners within the year.
Property Details
- Location: 1111 Austin Hwy, San Antonio, Texas 78209
- Units: 312 (one-, two-, and three-bedroom)
- Rentable Square Footage: 259,951
- Occupancy Rate at Acquisition: 93%
- Year Built: 2015
Financing and Acquisition
The acquisition was financed with a non-recourse, floating-rate acquisition loan arranged by JLL Capital Markets on behalf of Old Three Hundred Capital, the Austin-based sponsor. This transaction marks the second collaboration between Old Three Hundred Capital and Sound Mark Partners within the year.
Background Context
Alamo Heights is a well-established neighborhood in San Antonio, known for its historic homes, cultural institutions, and proximity to downtown. The area has seen a steady demand for quality housing, particularly among seniors seeking comfortable and accessible living options. The acquisition of Lantower Alamo Heights reflects the ongoing interest in multifamily properties within this desirable submarket.
Related Developments
In July 2022, Cottonwood Group and Texsun Holdings acquired a 636-unit multifamily portfolio in San Antonio, including properties like San Mateo Apartments and Heights on Perrin Apartments. These acquisitions highlight the sustained investment interest in San Antonio’s multifamily sector.
About the Buyer
Old Three Hundred Capital is an Austin-based real estate investment firm specializing in multifamily properties. The firm has been active in the Texas real estate market, focusing on value-add opportunities and strategic acquisitions to enhance its portfolio.
About the Seller
Sound Mark Partners is a real estate investment firm known for its strategic acquisitions and partnerships in the multifamily sector. The firm collaborates with various sponsors to identify and capitalize on investment opportunities across the United States.
Market Outlook
The San Antonio multifamily market continues to attract investors due to its strong economic fundamentals, population growth, and demand for quality housing. The Alamo Heights area, in particular, remains a sought-after location for both residents and investors, offering a blend of historic charm and modern amenities.
Conclusion
The acquisition of Lantower Alamo Heights by the Dallas-based firm underscores the ongoing investment interest in San Antonio’s multifamily sector, particularly in well-located properties that cater to the senior housing market. This transaction reflects the dynamic nature of real estate investments in the region and the strategic focus on high-demand submarkets like Alamo Heights.
FAQ
- What is Lantower Alamo Heights?
- Lantower Alamo Heights is a 312-unit multifamily community located at 1111 Austin Hwy, San Antonio, Texas 78209. The property offers one-, two-, and three-bedroom units, totaling 259,951 rentable square feet, and was 93% occupied at the time of acquisition. Built in 2015, it provides modern amenities and is situated in the desirable Alamo Heights neighborhood.
- Who acquired the property?
- The property was acquired by Old Three Hundred Capital, an Austin-based real estate investment firm specializing in multifamily properties. The acquisition was financed with a non-recourse, floating-rate acquisition loan arranged by JLL Capital Markets on behalf of Old Three Hundred Capital.
- What is the significance of this acquisition?
- This acquisition highlights the ongoing investment interest in San Antonio’s multifamily sector, particularly in well-located properties that cater to the senior housing market. The Alamo Heights area remains a sought-after location for both residents and investors, offering a blend of historic charm and modern amenities.
- What is the background of Old Three Hundred Capital?
- Old Three Hundred Capital is an Austin-based real estate investment firm specializing in multifamily properties. The firm has been active in the Texas real estate market, focusing on value-add opportunities and strategic acquisitions to enhance its portfolio.
- What is the market outlook for San Antonio’s multifamily sector?
- The San Antonio multifamily market continues to attract investors due to its strong economic fundamentals, population growth, and demand for quality housing. The Alamo Heights area, in particular, remains a sought-after location for both residents and investors, offering a blend of historic charm and modern amenities.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Property Name | Lantower Alamo Heights |
| Location | 1111 Austin Hwy, San Antonio, Texas 78209 |
| Units | 312 (one-, two-, and three-bedroom) |
| Rentable Square Footage | 259,951 |
| Occupancy Rate at Acquisition | 93% |
| Year Built | 2015 |
| Acquiring Firm | Old Three Hundred Capital |
| Financing Arranged By | JLL Capital Markets |
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