This project consists of two AAA-class commercial properties located in San Antonio, Texas, both acquired in late 2021.

The first property is strategically located in The Rim, adjacent to Loop 1604. The Rim is one of San Antonio’s most prominent commercial corridors, making this asset highly attractive to tenants. The shopping center is currently 100% leased and the tenant lineup includes Velvet Taco, Kerbey Lane, and Boardroom Salon for Men.

The second property is located in the Schertz area, just outside San Antonio along the corridor toward Austin, Texas. This predominantly residential market is characterized by strong demographics and high household income levels. Tenants at this location include Starbucks, Pho Restaurant, Rio Nails, and Hotworx.

All tenants have demonstrated consistent operational strength over the years, maintaining timely rent payments and supporting returns that have performed in line with projected expectations.