Brennen Degner Of Platte Canyon Capital Acquires 268-Unit Allure Apartments In San Antonio
7770 Pipers Lane
Building Size
—
Asset Type
MultiFamily
Closing
Jul 21, 2025
AI
The asset involved in the transaction is a multifamily property located at 7770 Pipers Lane in San Antonio. The property consists of 268 units spread across 11.5 acres.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7770 Pipers Lane
- Market: San Antonio
- Units: 268
- Acres: 11.5
- Buyer: Brennen Degner - Platte Canyon Capital
Brennen Degner, representing Platte Canyon Capital, acquired the property in an off-market transaction in partnership with a Los Angeles-based institutional investor. The acquisition marks the firm's first deal since launching in January 2025, with plans for a $4.7 million value-add program aimed at upgrading units and enhancing amenities.
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93