Dallas firm buys Encore SoFlo apartments in south downtown San Antonio

Dallas firm buys Encore SoFlo apartments in south downtown San Antonio

Richard Webner, The San Antonio Heron

Jan 9, 2022

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Encore SoFlo, 326 S. Flores St, has been sold to Strategic Property Investment.

PHOTO BY: Ben Olivo | Heron

“If it seems like San Antonio’s multifamily market is heating up, with investors buying large numbers of apartment complexes in downtown and beyond, the experience of Strategic Property Investment helps explain why.

Six months ago, the firm did not own anything in San Antonio, focusing mostly on the Austin and Dallas-Fort Worth markets. Then, in August, it bought the Southtown Flats complex near the Blue Star Arts Complex and the Birwood Heights Apartments on the North Side. Last month, along with Encore SoFlo, it purchased the La Mirage complex in the Medical Center area.

The firm hopes to at least double the number of properties it owns in the city this year, Becker said.”

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