Value-Add Acquisition

Pecan Springs

San Antonio, Texas

Property Overview


Pecan Springs Apartments offers one-, two-, and three-bedroom apartment homes with spacious living areas, wood-style flooring, nine-foot ceilings, a programmable thermostat, crown molding, two-inch blinds, generous storage space, washer/dryer connections, large private balcony, and a variety of other modern finishes. Community amenities include a state-of-the-art fitness center, resort-style swimming pool with a swim-up bar, tanning area, private cabanas, and an outdoor fireplace, a dog wash station, an outdoor grilling area with deluxe barbecue grills, a Starbucks self-service coffee station, package lockers, valet trash services, and complimentary Wi-Fi in all common areas.

Investment Overview


Pecan Springs, a 344-unit garden-style apartment community located on the northwest side of San Antonio, was acquired by Fund II in August 2022 as its third investment.  StoneRiver looks to generate value through StoneRiver Property Management’s expertise.  Pecan Springs is positioned in the Northwest pocket of San Antonio, which consistently sees the highest rent growth in the city.  StoneRiver’s business plan calls for property improvements to supplement Pecan Spring’s upscale amenity spaces.
San Antonio, Texas
Property Type
Luxury Suburban, Garden Style Apartments
Project Type
Year Built
# of Units
Date Acquired
August 2022

Investment Rationale

Value-Add Improvements – StoneRiver plans to improve interior units by installing vinyl flooring in 2nd and 3rd floor living spaces and adding washers/dryers in each unit, enhancing exteriors by replacing roofs, repainting the property, improving the landscaping and addressing minor deferred maintenance issues, and update amenities with additional private pet yards, additional package lockers and improvements to the pool and grill areas.


Improved Management – StoneRiver Property Management looks to improve top-line revenue growth and expense normalization and increase community engagement to maintain high renewal rates, positive online reviews, and lower turn costs.


Unique Amenities – Pecan Springs offers a resort-style pool with stone features, a swim-up bar, and breezeway access garages.