Dolce Vita Cibolo Canyons

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in Dolce Vita Cibolo Canyons (the “Property”), a 150-unit, 2022-vintage, midrise asset in the exclusive Cibolo Canyons master-planned community in San Antonio, Texas.

The Property is centrally located in the heart of the master-planned Cibolo Canyons development, just across the street from the JW Marriott Hill Country Resort & Spa and TPC San Antonio golf club. Nearby employers include JP Morgan Chase, iHeart Radio, the Stone Oak Medical Center, Ridgewood Park, and the San Antonio International Airport.

Converted from an active adult community in January of 2023, this midrise asset is extremely well-amenitized with a uniquely robust amenity package including a rooftop terrace with hill country views, turf putting green, arts and crafts room, community garden, catering kitchen, movie room, double-decker pool deck, and two dog parks. Due to the distinctive high-end construction quality, the replacement cost gap is even larger for this asset than a standard suburban Class A deal.

Best of all, this opportunity boasts an assumable HUD loan at a fixed rate of 3.67% with a 2062 maturity date. Thus, potential investors benefit from fully mitigated capital markets risk while contemplating this acquisition.

Thus, the Property offers an attractive opportunity to purchase a well-amenitized suburban midrise asset centrally located in the exclusive Cibolo Canyons community with an assumable HUD loan with a fixed rate of 3.67%.