PPR undamentals Overview Map Hays 1 Kendall Comal 35 Caldwell Bandera Guadalupe 1 Bexar 35 1 Medina 41 Gonzales 35 37 35 rio Wilson Karnes Summary of Last Twelve Months vs. Historical Minimum, Maximum, and Average Map Layers County PPR Markets Dewi U.S. Cities State Capital Major Cities Secondary Cities 7 14 21 Miles 21 Property & Portfolio Research Apartment Office Retail Warehouse Hotel Current Vacancy* Net New Supply (S)** (S)** 7.5% 2,585 1,47 5.1% 17.4% -61 1,249-1,684 8,8 98:4 88:1 91:4 84:4 87:4 84:4 18.7% 1,57-455 9.3% 31.6% -45 3,827-784 2,783 82:1 87:3 91:4 85:4 2:1 85:3 13.8% 1,875 676 9.7% 23.4% 235 2,54-34 3,334 :3 9:1 91:4 87:1 87:3 :1 11.6% 331 77 6.4% 11.8% 92 2,281-326 2,13 83:3 2:1 91:3 85:2 91:2 85:2 62.8% 1,231 555 73.5% 6.9% -34 2,911-331 3,511 93:1 88:1 93:3 99:4 96:3 89:1 *Occupancy for Hotels **Apartment and Hotel data are in units. 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
PPR undamentals Analysis/Economy Notable Economic and Real Estate Market Events ECON San Antonio s economy is turning a corner, with employment up.2% over the past year. The services and government sectors account for the bulk of job gains, adding about 2,5 and 2,8 jobs, respectively. Still, the communications sector continues to drag on the economy, with employment down nearly 1.% on a year-ago basis as SBC continues to restructure. Retail trade employment is falling as Albertson s exits the market and the metro s substantial IRE sector has also suffered, shedding 1, jobs over the past year. Still, the outlook for the IRE sector here is upbeat; although USAA recently announced another round of layoffs, resulting in the loss of 18 local marketing and insurance underwriting positions, it continues to hire aggressively in its member services unit, adding 655 workers in San Antonio thus far this year. San Antonio s sizeable military presence bolsters the economic outlook as defense spending increases. APT As new supply continues to come on line amid stagnant demand, vacancies have risen to their highest level in five years, reaching 7.5% in the third quarter. While rebounding demand indicates that vacancies are peaking, multifamily permitting has jumped 33% through the first three quarters of this year, suggesting supply-side risk in the near term as a ramp up in supply could dampen the market s recovery. ollowing the completion of about 3,3 units last year, construction has dropped to just under 2,2 units for 22. Development has been active to the north of the metro, in the Texas Hill Country, where Realty Capital Corp. s 248-unit Bandera Commons completed in August and Dominion Park LLC s 28-unit Dominion Park Apartments is currently underway and due by year end. Other projects are on the drawing board, including Hogan Real Estate Services planned 28-unit Eagle Ridge Apartments in the West, which just received construction financing. O Vacancies are peaking at 18.7% as supply continues to exceed new office demand. The metro s inventory of sublease space continued its gentle increase, reaching 8, S at mid-year, according to local sources. That figure has likely dropped in recent months as SBC has opted out of its 2, S lease at the former Builders Square headquarters, reverting that back to direct space, and Aetna s lease on 56, S in the North Central submarket expired in August. JP Morgan Chase and USAA have each vacated chunks of space in recent months, consolidating employees back to their area campuses. The uncertain fate of Worldcom, which owns and occupies 4, S in the North Central submarket, also remains a risk. Construction activity is slowing, and most projects currently underway are build-to-suit in the northern suburbs (including 16, S for Chase BankCard Services and Valero Energy s 168, S campus addition). RET A glut of supply has exceeded weak demand over the past two years, lifting the economic vacancy rate to nearly 14%. However, vacancies are stabilizing as retail sales are improving with the economy. Construction remains strongest in the suburbs to the north and west of the city, mostly in big-box centers for national retailers. Kohl s is entering the market and has reportedly inked deals at The orum at Olympia Park, Northwoods Shopping Center, and Bandera Pointe. In the, Hill-Granados Retail Partners recently received the go-ahead for a 456, S retail center anchored by a 22, S Wal-Mart Supercenter, along with 11, S of in-line space plus 15, S of outparcels. The largest project currently underway is the 1.3 million S high-end mall The Shops at La Cantera in the. WHS Active warehouse construction over the last three years pushed the local vacancy rate to nearly 12%, a record level. However, as construction has shut down, vacancies have peaked. Just under 15, S is expected to complete this year and no major projects are currently underway. Two projects are reportedly close to breaking ground in the North Central submarket Marks Design Group s 55, S warehouse and the 194, S Medline Distribution Center. Leasing activity has picked up at KellyUSA, with OGM Enterprises signing for 24, S and the Air orce Medical Logistics Office moving into its 249, S space. Still, the four million S park is just 25% occupied. HOT Hotel occupancy remains stalled at about 63% as the economic slowdown hampers travel and tourism. While convention and visitor traffic were hammered following 9/11, San Antonio is one of the very few markets in which both occupancy and REVPAR are up year-to-date. Demographic Trends Annual Growth Rates 22* 1982-1991 1992-21 22-27 Category Market U.S. Market U.S. Market U.S. Market U.S. Population 1,671 288,644 1.8% 1.% 1.9% 1.2% 2.%.9% Households 585 17,955 2.3% 1.3% 2.% 1.3% 2.2% 1.1% Median Household Income $41,772 $45,586 4.1% 4.4% 4.% 3.9% 3.1% 3.3% Apartment-Renting Households 214 36,362 3.8% 1.7%.2%.5% 2.% 1.3% Real Retail Sales Per Capita $4,13 $4,52.1% 1.4%.8% 1.8% 1.3% 1.2% Employment Trends 22* Annual Growth Rates Location 1982-1991 1992-21 22-27 SIC Category Employment Quotient Market U.S. Market U.S. Market U.S. Total Services 237 1. 6.1% 4.3% 4.6% 3.7% 3.3% 2.6% Business Services 61 1.2 6.8% 6.6% 7.8% 6.1% 4.3% 3.2% Other Services 176 1. 6.% 3.8% 3.8% 3.% 2.9% 2.4% Retail Trade 146 1.1 2.7% 2.5% 3.% 2.% 1.9% 1.4% Government 135 1.1 2.3% 1.6%.8% 1.3% 1.7%.7% Manufacturing 53.6-1.6% -.6% 1.6% -.6% 1.% -.4%.I.R.E. 52 1.2 3.2% 2.2% 3.% 1.6% 2.4%.9% Wholesale Trade 32.8 -.5% 1.3% 2.5% 1.% 1.9% 1.% Trans., Comm., Util. 35.9 2.7% 1.1% 4.1% 1.9% 1.6%.6% Construction 44 1.2-1.9% 1.4% 5.9% 3.9% 2.8%.5% Mining 2.7-5.5% -6.% 2.% -1.6%.1% -.7% Total Employment 736 1. 2.5% 1.9% 3.1% 1.9% 2.4% 1.3% Office-Using Employment 19 1.1 4.3% 3.% 3.5% 2.9% 3.% 1.9% Trucking/Warehouse Employment 39.8 -.1% 1.5% 2.2% 1.4% 1.7% 1.1% *All units (except for dollar denominated figures) in thousands. Current Economic Indicators Employment Labor orce Unemployment Employment Net Migration () Cost Indices (U.S. = 1) Growth 9/2 Growth 9/2 Rate 9/2 Volatility Ratio 21 Business Living.2% 2.5% 5.1%.7 12.7 91 96 Sources: PPR; Economy.com 3Q22 PPR undamentals 22 by P R O P E R T Y & P O R T O L I O R E S E A R C H, I N C. All Rights Reserved. www.ppr.info
PPR undamentals Apartment Supply, Demand, and Vacancy Demand & Supply (Units) 7, 6, 5, 4, 3, 2, 1, -1, -2, -3, Vacancy Rate 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 Percentage Vacant 26 27 2 18 16 14 12 1 8 6 4 2 Apartment Market Statistics (Units) Apt. Vacancy 1997 1998 1999 2 21 22 23 7.2% 5.1% 5.7% 5.8% 6.6% 7.5% 7.2% 24 25 26 27 7.% 6.7% 6.2% 6.% Apt. Multifamily Net Apt. Completions Apt. Inventory 2,715 3,412 1,779 3,28 2,216 1,51 1,657 1,299 1,715 2,253 2,236 3.% 3.7% 1.9% 3.3% 2.2% 1.% 1.6% 1.2% 1.6% 2.1% 2.% 1,726 2,97 5,9 3,285 2,284 3,474 1,414 1,453 1,87 2,357 2,784-29.3% 21.5% 138.9% -34.4% -3.5% 52.1% -59.3% 2.8% 28.7% 26.% 18.1% 2,22 1,39 2,529 3,515 3,29 2,198 1,49 1,196 1,388 1,818 2,23 99,647 11,37 13,566 17,81 11,371 112,569 113,978 115,173 116,561 118,379 12,582 2.1% 1.4% 2.5% 3.4% 3.1% 2.% 1.3% 1.% 1.2% 1.6% 1.9% Apt. Rent Index 1 14 111 17 111 113 114 117 121 125 129 3.7% 4.3% 6.% -3.4% 4.1% 1.4%.9% 2.9% 3.3% 3.4% 3.4% PPR/Dodge Pipeline Summary Multifamily Current Activity by Subclass Change in Rent vs. (Units) Change in Rent Bidding inal Pre- Deferred Abandoned 1, 2, 3, 4, Apartments Townhouse/Condo Low Income Unclassified Sources: PPR; McGraw-Hill Construction - Dodge; National Real Estate Index 5, 6, (Units) % 4,256 86% 591 12% 8 2% - % 6, 5, 4, 3, 2, 1, 1997 1999 21 23 25 27 8% 6% 4% 2% % -2% -4% 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
Supply, Demand, and Vacancy Demand & Supply (S) 5, 4, 3, 2, 1, Vacancy Rate PPR undamentals Office Percentage Vacant 35 3 25 2 15 1 5-1, 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 Office Market Statistics (S) 1997 1998 1999 2 21 22 23 24 25 26 27 Vacancy Inventory Rent Index 11.2% 11.5% 13.4% 13.% 17.2% 18.7% 17.2% 15.9% 15.6% 14.9% 14.% 1,66 689 416 1,494-487 74 1,159 1,312 932 91 896 3.1% 1.9% 1.2% 4.1% -1.3%.2% 3.1% 3.4% 2.3% 2.2% 2.1% 1,382 1,57 2,599 1,876 1,59 1,783 94 944 763 552 454 153.7% 13.6% 65.6% -27.8% -19.5% 18.1% -49.3% 4.4% -19.2% -27.7% -17.7% 356 89 1,397 1,524 1,624 934 539 845 915 724 49 39,79 4,68 42,77 43,61 45,225 46,159 46,697 47,542 48,458 49,181 49,671.9% 2.2% 3.4% 3.6% 3.7% 2.1% 1.2% 1.8% 1.9% 1.5% 1.% 1 18 115 116 114 18 15 16 19 112 115 1.7% 8.2% 6.3% 1.% -2.% -5.5% -2.7% 1.2% 2.9% 2.9% 2.7% PPR/Dodge Pipeline Summary Office Current Activity by Subclass Change in Rent vs. (S) Change in Rent 3, 12% Bidding 1% 2,5 inal 8% 2, 6% 4% 1,5 2% Pre- (S) % % 1, Low Rise 2,7 91% -2% Deferred Mid Rise - % 5-4% Abandoned High Rise - % -6% Office R&D 43 1% -8% Unclassified 223 8% 5 1, 1,5 2, 2,5 3, 3,5 Sources: PPR; McGraw-Hill Construction - Dodge; National Real Estate Index 1997 1999 21 23 25 27 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
Supply, Demand, and Vacancy Demand & Supply (S) 3,5 3, 2,5 2, 1,5 1, 5 Vacancy Rate PPR undamentals Retail Percentage Vacant 25 2 15 1 5 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 Retail Market Statistics (S) 1997 1998 1999 2 21 22 23 24 25 26 27 Vacancy Inventory Rent Index 14.8% 14.% 1.7% 1.1% 12.9% 13.8% 12.5% 12.3% 12.6% 13.% 13.9% 1,171 2,6 3,284 1,844 91 98 1,528 1,132 865 959 56 2.5% 4.2% 6.5% 3.4%.2% 1.6% 2.7% 1.9% 1.5% 1.6%.8% 2,63 1,624 2,367 3,99 2,728 2,133 1,177 1,65 1,544 1,519 1,265-7.3% -21.3% 45.7% 31.% -12.% -21.8% -44.8% 4.2% -6.4% -1.6% -16.7% 1,875 1,861 1,483 1,653 2,119 1,747 754 1,81 1,239 1,412 1,335 57,261 59,122 6,65 62,258 64,377 66,124 66,878 67,959 69,198 7,61 71,946 3.4% 3.3% 2.5% 2.7% 3.4% 2.7% 1.1% 1.6% 1.8% 2.% 1.9% 1 12 14 97 95 96 98 11 13 14 15 2.1% 1.6% 2.1% -6.1% -2.1% 1.% 1.8% 3.4% 1.4% 1.7%.2% PPR/Dodge Pipeline Summary Retail Current Activity by Subclass Change in Rent vs. (S) Change in Rent Bidding inal Pre- reestanding Stores Deferred Neighborhood Center Community Center Abandoned Regional Super Regional Outlet Unclassified Sources: PPR; McGraw-Hill Construction - Dodge; National Real Estate Index 1, 2, 3, 4, 5, 6, 7, (S) 716 26% 533 19% 688 25% - % - % - % 822 3% 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved. 3,5 3, 2,5 2, 1,5 1, 5 1997 1999 21 23 25 27 4% 2% % -2% -4% -6% -8%
Supply, Demand, and Vacancy Demand & Supply (S) 2,5 2, 1,5 1, 5 Vacancy Rate PPR undamentals Warehouse Percentage Vacant 14 12 1 8 6 4 2-5 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 Warehouse Market Statistics (S) Vacancy 1997 1998 1999 2 21 22 23 24 25 26 27 8.7% 9.2% 1.% 1.4% 11.6% 11.5% 1.9% 9.4% 8.8% 8.9% 9.2% 67 576 51 521 225 155 349 738 484 444 435.2% 1.7% 1.5% 1.5%.6%.4% 1.% 2.% 1.3% 1.2% 1.1% 43 2,297 1,241 1,318 1,22 292 13 183 389 619 722-32.6% 434.8% -46.% 6.3% -8.8% -75.7% -64.7% 77.8% 112.6% 59.1% 16.6% 154 838 94 755 793 148 86 138 292 54 642 Inventory 37,161 38, 38,94 39,659 4,452 4,6 4,685 4,823 41,115 41,619 42,262.4% 2.3% 2.4% 1.9% 2.%.4%.2%.3%.7% 1.2% 1.5% Rent Index 1 16 19 111 11 18 17 18 112 116 119 8.7% 6.1% 3.% 2.% -.9% -1.8% -1.8% 1.4% 3.4% 3.6% 3.% PPR/Dodge Pipeline Summary Warehouse Current Activity by Subclass Change in Rent vs. (S) Change in Rent Bidding inal Pre- Deferred Abandoned 5 1, 1,5 2, 2,5 3, Distribution Warehouse/lex Light Industrial Unclassified Sources: PPR; McGraw-Hill Construction - Dodge; National Real Estate Index 3,5 (S) % 8 5% - % - % 143 95% 2,5 2, 1,5 1, 5 1997 1999 21 23 25 27 1% 8% 6% 4% 2% % -2% -4% 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
PPR undamentals Hotel Supply, Demand, and Occupancy Demand & Supply (Rooms) 3,5 3, 2,5 2, 1,5 1, 5-5 Occupancy Rate 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 Percentage Occupied 26 27 1 95 9 85 8 75 7 65 6 55 5 Hotel Market Statistics (Rooms) 1997 1998 1999 2 21 22 23 24 25 26 27 Occupancy 62.6% 64.6% 63.9% 64.4% 62.3% 62.8% 63.6% 65.2% 66.2% 67.2% 68.% 223 1,9 1,695 461 24 618 38 567 49 396 391 1.5% 6.6% 1.5% 2.6% 1.1% 3.3% 2.% 2.9% 2.% 1.9% 1.9% 1,879 2,29 811 1,477 93 915 127 147 182 237 33 165.% 8.% -6.% 82.1% -38.9% 1.3% -86.1% 15.7% 23.8% 3.2% 27.8% 1,22 817 2,911 497 1,78 1,122 3 122 131 151 192 Inventory 24,252 25,69 27,98 28,477 29,797 3,513 3,732 3,866 3,995 31,149 31,354 4.4% 3.4% 11.6% 1.8% 3.8% 3.8% 1.%.4%.4%.5%.6% Room Rate Index 1 98 12 14 13 14 14 15 17 19 112 6.4% -2.3% 4.5% 2.1% -.8%.3%.4% 1.3% 1.8% 2.1% 2.4% RevPar Index 1 12 11 16 99 1 13 17 111 115 12 4.6% 1.7% -1.2% 5.4% -6.2%.9% 2.7% 4.% 3.5% 3.8% 3.8% PPR/Dodge Pipeline Summary Bidding inal Pre- Deferred Abandoned Current Activity Change in Room Rate vs. (Rooms) Change in Room Rate 2,5 7% 6% 2, 5% 4% 1,5 3% 2% 1, 1% % 5-1% -2% -3% 5 1, 1,5 2, 2,5 1997 1998 1999 2 21 22 23 24 25 26 27 Sources: PPR; McGraw-Hill Construction - Dodge; Smith Travel Research 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
PPR undamentals Single amily Housing Single amily Multifamily 16, 14, 12, 1, 8, 6, 4, 2, 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 Single amily Market Single amily Change in Home Price 12, 12% 1, 1% 8% 8, 6% 4% 6, 2% % 4, -2% -4% 2, -6% -8% 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-1% Sources: PPR; Economy.com Single amily Market Statistics 1997 1998 1999 2 21 22 23 24 25 26 27 6,952 7,9 8,647 8,448 9,224 1,172 9,72 9,631 9,559 9,318 9,255-4.4% 13.6% 9.4% -2.3% 9.2% 1.3% -4.6% -.7% -.7% -2.5% -.7% Completions 6,974 7,571 8,377 8,465 8,685 1,13 9,953 9,587 9,625 9,389 9,287 Apartment Market Statistics Multifamily 1,726 2,97 5,9 3,285 2,284 3,474 1,414 1,453 1,87 2,357 2,784-29.3% 21.5% 138.9% -34.4% -3.5% 52.1% -59.3% 2.8% 28.7% 26.% 18.1% Apartment Completions 2,22 1,39 2,529 3,515 3,29 2,198 1,49 1,196 1,388 1,818 2,23 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
PPR UNDAMENTALS Projects PPR undamentals Apartment Projects Title Address Units Stage Start Completion Sendero Ridge Apartments 2424 Gold Canyon Rd 384 12/1 2/3 Central Heatherwilde Estates Apartments 357 Planned Southwest White Rock Apartment Homes 311 Thousand Oaks Dr 336 3/2 3/3 Unknown Dominion Park Apartments redricksburg & Gus Eckert, San Antonio 28 12/1 12/2 Near Dove Valley Ranch USAA Blvd. 252 Completed 6/1 6/2 Costa Dorada 37 SE Military Road 248 Completed 1/1 1/2 South Central Bandera Commons 812 Mainland Road 248 Completed 1/1 8/2 Near Hill Country Villas Westover Hills 24 Completed 6/1 6/2 Chandler Crossing Apartments 4335 Chandler 216 3/2 1/3 Southeast The Villas at Westover Hills Douglas Rd. & Military Dr. (near TX 151) 196 Completed 3/1 3/2 ar 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
PPR UNDAMENTALS PPR undamentals Office Projects Projects Valero/UDS HQ Title Tenants: Valero/UDS Address S () Stage Start Completion 6 N Loop 164 W, on UDS campus 168 5/2 6/3 North Central Westover Hills Phase II (Chase) Westover Hills 16 7/2 5/3 Tenants: Chase Manhattan World Saving and Loan 411 Wiseman Blvd, SA TX 13 12/1 12/2 Clear Channel BTS Stone Oak Parkway and HWY 281 12 Completed 1/1 7/2 Tenants: Clear Channel Stone Oak Three Twin Oaks Office Bldg Loop 164 N between Stone Oak, Stone Oak 16 Deferred our Twin Oaks Office Building Stone Oak 16 Deferred Randolph Brooks Administrative Service Center 2 acres Loop 164 access rd, Live Oak 1 Planned 7/2 5/3 University Park Tech Center IV 12449 Silicone Dr 89 Completed 1/1 5/2 Tenants: Kinetic One Stop Development Services Center - City of SA S Alamo & S lores 75 Completed 1/2 9/2 South Two Twin Oaks Office Building Loop 164 N between Stone 7 Completed 2/2 9/2 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
PPR UNDAMENTALS Projects PPR undamentals Retail Projects Title Address S () Stage Start Completion The Shops at La Cantera I-1 West & Loop 164 1,3 1/2 11/4 Tenants: Nordstrom (#84752; 144 ksf), Dillards (#8584; 48.4 ksf), Neiman Marcus, oley's The orum at Olympia Shopping Center Ph II 137 E Loop 164 N 388 Completed 6/1 6/2 Lowe's Anchored Power Center Harry Wurzbach & Austin Hwy. 3 1/2 3/3 Tenants: Lowe's and Wal-Mart Wal-Mart Supercenter #3279 Loop 41 & Rigsby Ave 268 Completed 12/1 9/2 Southeast Tenants: Wal-Mart Supercenter (24 ksf); Shoe Show, One Price Dress shop, Dollar Tree Super Store Bandera Point Shopping Center Bandera Road (SH 16) at 265 Completed 9/ 6/1 Costco Warehouse 121 N M 166 148 Completed 2/2 8/2 Costco Tenants: Costco j p Hwy. 281 North intersection, Sonterra Park 148 Completed 3/2 7/2 North Central Lowe's Home Improvement Center 11718T N IH-35 14 Completed 12/1 8/2 Tenants: Lowe's Home Improvement Center Lowe's Home Improvement 164 Blanco Rd 14 Completed 8/1 3/2 Tenants: Lowe's Home Improvement Northwoods Shopping Center Ph. IV US Hwy 281N & Loop 164 1 Deferred North Central 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
PPR UNDAMENTALS PPR undamentals Warehouse Projects Projects Title I-1/123 Industrial Park - Phase I Address S () Stage Start Completion south of the Interstate 1/State Highway 123 intersection, Seguin 3 Planned 1/2 6/3 Budweiser Warehouse Highway 9 29 Completed 2/1 8/1 Tenants: Budweiser Warehouse North Central Tri County Distribution Center #3 245 Planned Labatt ood Service Building 158 Planned Alamo Downs Distribution Center II 125 Completed 1/1 1/2 Industry Park Distribution Center #3 119 Planned Tenants: Lagasse Inc. Green Mountain Business Park- Buildings 3 & 4 Southeast Corner Loop 164 16 Completed 5/1 11/1 Coliseum Distribution Center #4 14 Planned O'Krent Carpet Warehouse & Office Building 275 N M 164 E 66 Completed 2/1 7/1 North Central SA 1 Warehouse 1757 Shipman Dr, San Ant 57 Completed 1/ 4/1 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.
PPR UNDAMENTALS PPR undamentals Hotel Projects Projects Sheraton Riverwalk Hotel Title Address Rooms Stage Start Completion SW IH 37 and Market Street, Riverwalk/Convention Center 1,2 Cancelled 6/2 1/5 CBD PGA Village San Antonio - Marriott East of 281 near Evans Rd 282 Planned ar North La Quinta Inn & Suites 85 Halm Blvd, Airport 276 Completed 6/1 12/1 North Radisson Resort Hill Country 98 Westover Hills Blvd, Westover Hills 227 Completed 1/1 9/1 Drury Inn & Suites 986 Interstate Hwy 1 West 21 Completed 2/1 7/2 ar North Hill Country Suites Hotel 18555 US Highway 281 N, San Antonio, TX 78258-76 1 Completed 1/1 9/1 ar North Best Western Hill Country Suites Hotel Loop 164, along Highway 281 76 Completed 9/2 2/2 North Central Hawthorn Suites New Braunfels, TX 7813-2816, New Braunfels 69 Planned Best Western Alamo Suites 12 El Paso St San Antonio, TX 7824-318 65 Completed 2/1 8/1 Central Quality Inn and Suites 16-17 Blk Hwy 281 64 6/2 12/2 ar North 3Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, I N C. All Rights Reserved.