Olympus Property Acquires Tacara at Westover Hills in San Antonio, Texas

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May 28, 2015, 03:43 ET

SAN ANTONIO, May 28, 2015 /PRNewswire/ -- Olympus Property announces the acquisition of Tacara at Westover Hills, a 312-unit "Class A" living community in the heart of one of the fastest-growing submarkets in San Antonio. This acquisition is occurring only days after the acquisition of Renaissance Village at Shadow Lake in Houston, Texas.

Olympus Property acquires Tacara at Westover Hills in San Antonio, Texas.

Built in 2014, Tacara at Westover Hills is situated on almost 14 acres and offers residents top of the market construction, upscale interior finishes, and an ideal location in the Westover Hills submarket. The amenities include a resort-style pool with sun deck, a state-of-the-art fitness center, a 24-hour professional business center, modern architectural design with masonry exteriors, an outdoor kitchen, an outdoor fireplace with TVs, covered parking, and detached garages.

Tacara at Westover Hills is situated in a highly visible location off State Highway 151 near Loop 410. This premier location in Westover Hills offers residents an award-winning, master-planned development, covering more than 1,300 acres and home to more than 40,000 employees. Employers such as JPMorgan Chase, Microsoft, QVC, Maxim, Northwest Vista College, Sea World, Petco, and the Texas Cryptology Center are only minutes away. In addition, the property offers convenient access to big box retailers such Target, Gander Mountain, Walmart, and Lowes. These employment opportunities coupled with access to retail centers and the highly regarded Northside Independent School District make this location one of the more desirable places to live in San Antonio.

"We are thrilled to purchase our first asset in San Antonio and grateful to be entering the market with such a beautiful property," stated Olympus co-founder, Chandler Wonderly.

The units at Tacara at Westover Hills are equipped with spacious floor plans including 192 one bedroom one bath units, 108 two bedroom two bath units, and 12 three bedroom two bath units. Units are equipped with lavish features including granite countertops, stainless steel appliances, garden-style soaking tubs, keyless entry, and oversized patios. Vaulted ceilings, carports, and detached garages are also available upon request. Overall, Tacara at Westover Hills features an impressive package of upscale interior amenities in one of the most desirable locations of San Antonio.

Tacara is the fifth property to be added to Olympus Property's fourth fund, WW Olympus Property IV, LLC. The investment structure will provide investors an opportunity to diversify among six to seven "Class A" multi-family assets in strong markets throughout the United States. The opportunity is available immediately for new investors and offers an attractive return with an experienced owner/operator.

To learn more about becoming involved and diversifying your portfolio with Olympus Property, please contact Braden Barr at 415-689-5855 or at [email protected].

About: Olympus Property
Olympus Property, founded in 1992, is a fully integrated real estate investment firm, which is focused on the acquisition, management, and timely disposition of high quality multi-family communities. Over its 23-year history, the company has become a successful and recognized name in the multi-family industry. Olympus currently owns and manages 10,000 units across 9 states including Texas, Florida, Oklahoma, Arizona, South Carolina, Tennessee, Georgia, New Mexico, and California.

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SOURCE Olympus Property