Lux Off Main and Lux Riverside present a unique opportunity to acquire a 120-unit multifamily portfolio in the heart of Kerrville, one of the Texas Hill Country’s most desirable and supply-constrained rental markets. Located approximately 60 miles northwest of San Antonio, Kerrville serves as the commercial, healthcare, and retail hub for a seven-county region and is supported by average household incomes exceeding $83,000.
Ownership has invested more than $4.12 million of capex into the portfolio over the past several years, significantly enhancing the physical condition and long-term performance of both assets. These improvements have positioned the properties to compete with newer product while minimizing near-term capital expenditures for a new owner.
Following the July 2025 flood, all 40 units at Lux Riverside underwent a comprehensive interior renovation, with construction completed just a few months ago. The property is currently in lease-up and continues to gain momentum as occupancy increases and rental rates return toward pre-flood levels. This presents investors with the opportunity to benefit from continued leasing activity and organic revenue growth as the asset reaches stabilization.
Investors have the flexibility to acquire Lux Riverside independently or purchase both Lux Riverside and Lux Off Main as a 120-unit portfolio, allowing for a variety of investment strategies.