LOCATION
San Antonio, TX (Medical Center District)
SITE COUNT
72 lots
ACQUIRED
2021
CAPITAL STRUCTURE
All cash, no debt
Performance Highlights
Exceeding underwriting expectations through operational excellence.
~24%
ANNUAL CASH YIELD ON CAPITAL
Unleveraged, no outside equity
+43%
YEAR 1 RENT INCREASE
Reset from $700 to $1,000 ABP
$0
OUTSIDE EQUITY RAISED
Principal-funded acquisition
The Acquisition
Acquired in 2021 in cash with no debt and no outside investor capital. The property sits in the San Antonio Medical Center District, a high-demand infill location where lot supply is constrained and long-term tenant demand is consistent. The seller had run the park informally for roughly 15 years while operating a donut shop on-site. The asset was attractive because of its location and because the operational ceiling was visible: rents had drifted well below market and the prior management approach was leaving meaningful income on the table.
The Work
Coltcam transitioned the property to professional in-house management on day one. Marketing investment was minimal because the Medical Center location generated organic demand. The primary value-creation lever was rent optimization. Within the first year of ownership, lot rents were repositioned from $700 all-bills-paid to $1,000 all-bills-paid, a 43% increase against a tenant base that had been priced well below market under the prior owner. Standard collections, property management systems, and cost controls were applied alongside the pricing reset.
The Outcome
Oak Hills now generates approximately $20,000 in net monthly cash flow to ownership, roughly $240,000 annually. That works out to a 24% annual cash yield on the original principal capital, with no debt service and no outside investor split. The property is the clearest proof point in the portfolio that the Coltcam operating playbook produces outsized cash yields when applied without leverage and without syndicated equity. The location does the work on demand, and the operational discipline does the rest.
OPERATOR SNAPSHOT
MONTHLY NET CASH FLOW
~$20K
ANNUAL NET CASH FLOW
~$240K
DEBT
None
VINTAGE
2021
WHAT'S NEXT
On the horizon
Held for cash flow. The infill location and lack of leverage make this a long-duration income asset rather than a value-add candidate. Oak Hills is a candidate for opportunistic sale once market conditions reach an optimal interest rate environment.
PARTNER WITH COLTCAM
Invest in our next acquisition
Coltcam Capital is actively identifying and underwriting new off-market opportunities across the Texas Triangle. Gain exposure to institutional-grade returns in a recession-resistant asset class.
