ApexOne Investment Partners (Fund V) has entered into a joint venture development agreement with Woodfield Development to construct 360 apartment homes in San Marcos, Texas. The 20-acre site is part of the Riley’s Pointe master-planned community, which will include 50 acres of multifamily, 182 acres of single-family, 30 acres of office and retail space, and 212 acres of industrial. The Site places new residents less than one mile from the San Marcos SMART Terminal, a 2,000-acre manufacturing terminal currently under construction. Many committed corporate tenants will drive employment and additional capital investment into the area. In addition, the site is strategically located only 30 miles south of Downtown Austin and 40 miles north of San Antonio.
San Marcos has consistently ranked as one of the fastest-growing cities in America over the past 15 years. Between 2010-2022, San Marcos's population grew by an astonishing 60%. Significant employers in the immediate area surrounding the SMART Terminal include Amazon, HEB, Best Buy, Urban Mining Company, and Texas State University.
Riley’s Pointe will offer a variety of one-, two-, and three-bedroom floor plans with a luxury amenity package and state-of-the-art clubhouse and leasing facility. Upon completion, ApexOne will hold the property for cash flow and long-term appreciation.