Arya Grove Apartments represents the third acquisition in Knightvest’s Fund II

Knightvest Capital, a vertically integrated multifamily investment firm, today announced the acquisition of Arya Grove Apartments in Northeast San Antonio. With this acquisition, Knightvest now has an established portfolio of six assets in San Antonio. The close of Arya Grove Apartments represents the third acquisition in Knightvest’s Fund II. Knightvest has established a steady acquisitions pipeline for its second fund and has additional acquisitions planned to close near year-end and early 2025.

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Knightvest Capital acquires Arya Grove Apartments in San Antonio, Texas (Graphic: Business Wire)

Originally built in 2006, the 308-unit property is situated along the outer Loop 1604 in the rapidly growing Live Oak and Universal City areas. Knightvest has extensive experience operating in this submarket, having renovated and operated a comparable community within 2 miles of Arya Grove. Knightvest plans to renovate the apartment units in addition to making enhancements to the common areas and amenities of the property. As part of the renovation, Knightvest will rename the community to Sagebrush Apartments.

“We’re increasingly optimistic about the overall market right now, and this marks our second acquisition in the past month as we continue to execute our strategy of investing in multifamily communities from the 2000’s and renovating them to a level that would be comparable to new construction,” said David Moore, Knightvest founder and CEO. “The proximity to a successful project nearby, combined with the impressive regional growth trends, made this opportunity initially intriguing, and we’re excited to expand our growing portfolio across Central Texas with the addition of Sagebrush Apartments.”

The Northeast San Antonio submarket offers a unique opportunity, as the region has experienced rapid growth with less multifamily construction compared to neighboring Northwest and Far North San Antonio. Additionally, the proximity of Sagebrush Apartments to the major highway interchange of I-35 and Loop 1604, makes it well-positioned to benefit from ongoing growth between Austin and San Antonio, contributing to the larger Texas Triangle’s expansion. Over the past four years, San Antonio alone has seen an influx of 40,000 new residents annually, underscoring the region’s attractiveness and Knightvest’s confidence in the long-term potential of the area.

About Knightvest Capital

Knightvest is an industry-leading multifamily investment and management firm known for creating communities of excellence and delivering dependable results that enable investors, employees, and residents to thrive.

As a vertically integrated firm, Knightvest specializes in renovating and repositioning multifamily properties. Its unique approach is focused on setting a new standard in design-driven quality, executing with operational efficiency, and leading with a people-first culture.

Since its founding in 2007, Knightvest has invested over $10 billion to acquire over 60,000 units across high-growth metro areas in Texas, Arizona, the Carolinas, and Florida to become one of the largest apartment owners in the United States.

For more information, please visit Knightvestcapital.com and follow us on LinkedIn.

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