Carmel at Deerfield is a 228 unit apartment complex built in 1985. It is strategically positioned in north central San Antonio just two miles south of Loop 1604 and approximately 2.5 miles west of US highway 281. These two high volume expressways provide excellent access to nearby employers, educational facilities, restaurants and retail centers connecting Carmel’s residents to virtually all points in the San Antonio Metroplex.
Several of San Antonio’s largest employers are located within 8 miles of the subject property including USAA, The South Texas Medical Center and Valero World Headquarters just to name a few. Carmel at Deerfield was built in 1985 which is inline with its competitive set.
Aragon believes this property is well niched with its competitors to remain highly occupied and demonstrate opportunities for rent growth.