DALLAS, TX - Pegasus Real Estate, a Dallas private equity commercial real estate company, has expanded its footprint in Texas with the acquisition of Collection at Overlook, a 411-unit complex located at 4934 Woodstone Drive in San Antonio, TX. Pegasus plans to rebrand the property as Cornerstone at Overlook. Collection at Overlook is the firm’s 4th acquisition in Texas, taking their current portfolio to +$125 million AUM and +1,000 multifamily units.
“Collection at Overlook is another strategic addition to our portfolio. It is within a short drive of major employers including USAA, South Texas Medical Center, Valero, UTSA, and others. Additionally, the Property is proximate to San Antonio’s largest thoroughfares, Loop 1604, Interstate-410, and Highway 281, offering a convenient option to renters who need desire housing close to employment,” said Justin Laub, Co-Founder of Pegasus Real Estate.
Built in 1984, Collection at Overlook consists of 31 two and three-story, garden-style buildings covering approximately 16 acres, with an impressive amenity set.
“Collection at Overlook aligns perfectly with our firm’s investment thesis and our outlook for multifamily,” said Jonas Levy, Co-Founder of Pegasus Real Estate. “Our long-term vision for the firm guides our investment process.”
The Collection at Overlook acquisition was brokered through Forrest Bass and Matt Pohl with Walker & Dunlop.
Pegasus Real Estate is a private commercial real estate investment firm primarily focused on the acquisition and repositioning of properties located in major metropolitan markets. We target properties with unique attributes in strategic locations with favorable supply/demand fundamentals. Our goal is to achieve attractive, risk-adjusted returns for our investors and partners. The firm’s managing partners are Jonas Levy and Justin Laub.