Property Type: Multifamily
In partnership with Adams LaSalle Realty, FCA acquired Arbors on Saratoga in 2014. This 252-unit, garden-style apartment property was constructed in 1998 and offers an excellent location just minutes from the busy Port of Corpus Christi. Additionally, the property is adjacent to a Walmart-anchored shopping center, which provides tenants convenient access to shopping. This property offers several amenities, including a resort-style swimming pool, 24-hour fitness center, a sports court, conference room, business center, and gated community access.
This was a value-add investment; during the hold period, the partnership invested approximately $1.5M in capital improvements to the property’s common areas and unit interiors. This property was sold in 2019.