Abode Apartments

Following the Great Recession, Jevan was able to take this property and increase its value by almost 50% in just one year's time.

Property Overview

In November of 2014, Jevan purchased the 104 unit La Maison apartment community in San Antonio, TX.

Following the Great Recession, Jevan began to explore markets that proved to be more resilient than the rest of the country, chief among them San Antonio. San Antonio’s strong military presence and strong economic drivers provided stability through the Great Recession and a strong foundation for the recovery that followed.



La Maison was a well located asset that was owned and operated by a private owner. Located 1.5 miles from the South Texas Medical Center, 56,300+ jobs, and 2.5 miles from USAA’s Global Headquarters, 14,000+ jobs in a infill location. Jevan was able to negotiate an off-market transaction well below replacement costs.

The modest renovation business plan to rebrand the property to Abode, enhance curb appeal,and upgrade the unit interiors proved effective as renovated unit provided on average a 25% return on investment and within 24 months Jevan was able to refinance our loan at valuation 46.8% higher than appraised 24 months prior.

As a result, Jevan was able to return 79% of our investors’ equity and Abode now averages 35.9% cash distributions.

Investment Summary

  • Refinanced with a valuation 46.8% higher than appraised value 24 months prior
  • After refinance 79% of investor’s equity was returned
  • Investor cash distributions now average 35.9% cash on cash return

See How We Can Impact Your Bottom Line

Join hundreds of investors who have partnered with Jevan Capital to build their commercial real estate portfolio. Contact us to learn more.