The Mirabella

JLL is pleased to exclusively offer for sale The Mirabella, a 172-unit, 100% Affordable Senior LIHTC community located in San Antonio, TX. The Property is currently 93% occupied and benefits from a $397 spread to market-rate comparables, supporting stable, bond-like cash flow and future rent growth through continued increases in affordable housing income limits and maximum allowable LIHTC rents.

Further enhancing the investment profile, The Mirabella offers investors the opportunity to assume approximately $6.7 million of below-market debt with a 1.42% blended interest rate, while maintaining a 100% real estate tax exemption. Positioned within one of San Antonio's most densely populated senior corridors, The Mirabella represents a compelling affordable housing investment opportunity characterized by stable occupancy, strong collections, and attractive long-term upside.