SAN ANTONIO—Just days after acquiring Renaissance Village at Shadow Lake in Houston, San Francisco-based Olympus Property has acquired Tacara at Westover Hills, a 312-unit class A community in San Antonio.

"Tacara is a beautiful class A asset and we were attracted to the deal because of the strong cash flow and prime location in an appealing submarket of San Antonio," Braden W. Barr, senior investment officer, Olympus Property, told GlobeSt.com. "We believe the San Antonio market is poised for continued strong rent growth as the Texas growth story continues."  

Built last year, Tacara at Westover Hills is situated on almost 14 acres in the Westover Hills submarket. The amenities include a resort-style pool with sun deck, a state-of-the-art fitness center, a 24-hour professional business center, modern architectural design with masonry exteriors, an outdoor kitchen, an outdoor fireplace with TVs, covered parking and detached garages.

"We are thrilled to purchase our first asset in San Antonio and grateful to be entering the market with such a beautiful property," Olympus co-founder Chandler Wonderly said in a release.

The units at Tacara at Westover Hills are equipped with large floor plans, including 192 one-bedroom one-bath units, 108 two-bedroom two-bath units, and 12 three-bedroom two-bath units. Units are equipped with upscale features including granite countertops, stainless steel-appliances and garden-style soaking tubs.

Tacara is the fifth property to be added to Olympus Property's fourth fund, WW Olympus Property IV LLC.