Casoro Group announces the recapitalization of Multifamily

Austin, Texas, March 22, 2022 (GLOBE NEWSWIRE) — Casoro Group, a leading vertically integrated multi-family real estate investment firm based in Austin, Texas, today announced the closing of its recapitalization of Aviator at Brooks, a property multifamily in Southeast San Antonio totaling 280 units.

Aviator at Brooks is a 13.5-acre resort located at 8010 Aeromedical Road in the thriving mixed-use community of Brooks, developed by the Brooks Development Authority on the site of a former United States Air Force base. Since 2014, Casoro has been an investor in the renovation and development of the Aviator at Brooks Apartments, and this recapitalization allows for an expansion of their investment.

“We are grateful to Brooks for being a great partner with us on the Aviator at Brooks property and for their tremendous success in developing and transforming the larger Brooks community into a vibrant and inclusive community,” said the Casoro Group CEO, Yuen Yung. “As we enter a long-term lease of the property and keep Aviator at Brooks in our portfolio, we look forward to continuing our contribution to the prosperity and growth of all who live, work, learn, play. and stay in the community. ”

Residents of Aviator at Brooks can choose units in a remodeled or newly constructed building, with choices ranging from studios, one-, two-, and three-bedroom apartments, and townhouses. New, modern units have high ceilings, wood-inspired plank floors, spacious closets, and high-end ceiling fans. Facilities include a modern clubhouse with cafe bar, resort-style swimming pool, fitness center, games room, barbecue/picnic area and bocce court. The property offers easy access to Greenline Park in Brooks and is conveniently located near the San Antonio River and the I-37 freeway, with neighborhood amenities including hiking and biking trails, AMF Ponderosa Lanes, Mission Trail Baptist Hospital, Texas A&M University-San Antonio and many retail shopping destinations.

Aviator at Brooks is rich in history as it incorporates the adaptive reuse of a former US Air Force barracks and mess hall with newly repurposed buildings. Based on conversations with current residents, Casoro plans to implement minor value-added improvements to the property, such as upgrading some stainless steel appliances.

The Casoro Group seeks multi-family investment opportunities for its family, high net worth and institutional clients. The company owns and manages multifamily properties throughout Texas. As a vertically integrated real estate investment firm and parent company of CLEAR Property Management and Upside Avenue multifamily REIT, Casoro creates opportunities for investors to enjoy the benefits of multifamily real estate ownership.

About Casoro Group

Casoro Group is an award-winning, vertically integrated, 100% minority-owned, multi-family real estate investment firm. Our commitment is to provide Better Homes for Better Lives®. By taking a resident-centric approach to our multi-family communities, we improve the quality of life for our residents and increase the social impact of returns for investors. An advocate for the advancement of diversity, Casoro is also a signatory of Diversity in Action with The Institutional Limited Partners Association (ILPA); in addition to our work with ILPA, we have made our own progress in DEI and wealth inequality among minority youth and young adults with the launch of the Onyx Impact Fund and the Casoro Group Education Foundation in 2021 , who work together to advance diversity in the commercial real estate industry. Our talented investment team has over 100 years of combined experience in multi-family real estate acquisitions, base development and asset management. Our deep expertise in the areas that matter most to investors means we add value and capture the benefits. To learn more, visit https://casorogroup.com/.


        

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