San Antonio, Texas
Civitas Cypress Fund, LP invested $11 million in a joint venture with an affiliate of Cypress Real Estate Advisors to partially finance the development of a 290-unit Class A multifamily community in San Antonio, Texas. The project is strategically located just north of the San Antonio central business district surrounded by three universities, three hospitals and a U.S. military base. The project received a subsidy package of approximately $4.6 million from the City of San Antonio.