Dallas-headquartered Presidium Group LLC made its first acquisition of 2015, purchasing The Landmark residential complex, located near San Antonio’s Medical Center. The purchase brought Presidium’s apartment ownership and operation in the San Antonio area above 2,000 units.
The Landmark offers 426 units with one and two bedrooms ranging in size from 600 to 982 square feet, and even though the community was built in 1984, it is in excellent condition. However, Presidium intends to invest in medium upgrades to the interior and exterior of the property, as well as rebranding to The Branch at Medical Center.
Current community amenities feature three swimming pools (one indoor and two outdoor), a 3,000-square-foot fitness center, a laundry facility, a picnic area and a volleyball court. Apartment amenities include vaulted ceilings, walk-in closets, intrusion alarms, and fireplaces in some of the units.
Interior works will include resurfacing the countertops, replacing appliances, resurfacing the tub and shower tiles and new paint schemes. Exterior upgrades will consist of modernizing the leasing center and landscaping the property.