June 23, 2024

450 unit rental community to be built at Brooks

The Southside suburb of Brooks will be getting more places for people to call home. Preston Hollow Capital, a municipal finance company that supports local communities has made their announcement that they’ve secured funding through infrastructure financing. This allows the group to develop 450 detached and duplex single-family rental units at Brooks.

“Quality housing options are a priority for Brooks, and this new neighborhood will help us meet the needs of both current and future residents by providing a fantastic opportunity in this part of San Antonio,” says Brooks President and CEO Leo Gomez.

This construction will be replacing existing 163-unit rental community that was originally constructed as the officers’ quarters for the Brooks Air Force Base in 1962.

“Consistent with Preston Hollow’s mission, this project was conceived with four key, socially-focused objectives in mind,” said Preston Hollow’s Co-head of Originations, Ramiro Albarran. “It must be community-focused, value-oriented, provide for quality of life, and offer living/working synergy to its residents. Preston Hollow has invested in Brooks since 2015, funding various real estate and infrastructure projects on the Brooks Campus. This investment, expected to be approximately $85 million, will allow Brooks to expand its housing stock and attract additional full-time residents to the Brooks community.”

Included with this new construction there will be local amenities available for those residents such as a clubhouse amenity center with pool, dog and recreational parks and walking paths. This expansion will further help meet the needs of both current and future residents of Brooks community.