SAN ANTONIO – Pensam Residential, a national multi-housing owner and operator, is pleased to announce its acquisition of the leasehold interest in The Kennedy, a newly built Class-A, 306-unit garden style multifamily apartment community located in San Antonio, Texas.
“Pensam Residential is very excited to start operations at The Kennedy as we have gained a lot of market knowledge through our experience in operating The Landings, allowing us to take advantage of the synergies in running two adjacent properties with complementary product offerings”, said Michael Stein, Founding Partner of Pensam Residential.
Completed in 2017, The Kennedy is a best-in-market multifamily property located in Southeast San Antonio, Texas within the Brooks City-Base, a 1,300-acre master-planned community developed on the former Brooks Air Force Base.
The Kennedy marks Pensam Residential’s seventh investment in a multifamily asset in the greater San Antonio metro area since 2011. The property will benefit from Pensam Residential’s submarket knowledge and experience in operating The Landings, a 300-unit multifamily property located immediately next to The Kennedy at Brooks City Base.
The Kennedy offers tenants spacious one-bedroom and two-bedroom floor plans averaging 925 square feet, with features such as private patios and balconies, walk-in closets, stainless steel appliances, and granite & quartz countertops. Community amenities include a resort-style swimming pool, business center, 24-hour fitness center and a Starbucks coffee bar.
About Pensam Residential: Headquartered in Miami, Pensam Residential is a multi-housing owner and operator which manages a growing portfolio of properties across the United States. Pensam encompasses all aspects of real estate property ownership and investment, including acquisition, financing, construction, repositioning, and management. Pensam has invested in nearly 33,000 units across more than 110 properties.