1604 + Cibolo Portfolio

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase the fee-simple interests in Cibolo and 1604, two newly built, Class-A garden-style communities totaling 732 units in the San Antonio MSA. The properties are offered individually or together, giving investors the option to acquire either asset or both. Both are professionally managed by Kairoi Residential. Cibolo, delivered in 2024, is a 288-unit community in Cibolo, Texas, 93% occupied, in the New Braunfels/Schertz/Universal City submarket. 1604, delivered in 2025, is a 444-unit community at 4710 N Loop 1604 E in North San Antonio, currently in lease-up at roughly 60% occupancy, offering a buyer the opportunity to capture stabilization upside.

Both properties are defined by resort-style amenities, including in-water pool loungers and CrossFit-ready fitness space. 1604 adds about 12,000 SF of amenity space with coworking phone rooms, pickleball, and EV charging. Units feature granite finishes, full-size washer/dryers, smart thermostats, and fiber internet.

Each property sits within a submarket facing a near-total supply shut-off, with zero units under construction or approved, insulating both from new competitive supply. Cibolo benefits from an affluent area, with a median household income of $123,450 within two miles, and from tax-friendly Guadalupe County, where the likelihood of reassessment increasing the tax burden is limited. 1604 sits directly off Loop 1604, one of the city’s most prominent thoroughfares, giving residents seamless access to major employment centers, retail corridors, medical facilities, and entertainment districts across the MSA. As newly built assets, both are offered at a 25%+ discount to replacement cost.