San Jacinto Realty, LLC | (713) 785-6006

Enclave at Parkview, Fort Worth, TX

Development Experience

San Jacinto Realty Services, LLC is a Real Estate Development Company specializing in the development of multi-family communities located around the state of Texas. After 20 years of real estate finance experience, Albert E. Magill, III entered into real estate development as an independent consultant. His experience was instrumental in the development of four communities containing 599 total units. These initial communities are now completed and operating in accordance with LIHTC guidelines. After forming the Development Company in 1996 twelve additional developments containing 2,048 units have either been completed or are in various stages of development.

San Jacinto Realty Services, having Albert E. Magill, III as its principal, has acted as General Partner on each of these developments. San Jac Development, LLC was formed to act as a fee Developer and asset manager for San Jacinto Realty Services, LLC and other third party clients. The recently completed Longhorn Crossing with its 240 units is now leasing with stabilization estimated in September 2016. Future plans call for San Jacinto Realty to begin its newest venture in southwest Austin with the proposed 270 unit Deerbrook Crossing at Lakeline scheduled to start construction in early 2017.

Deerbrook Crossing – Development Partner
Austin, Texas

270 Unit Apartment Community
Construction Starting in Early 2017

Longhorn Crossing – Development Partner
Fort Worth, Texas

240 Unit Apartment Community
Conventional Leasing Start January, 2016
Leasing Stabilization Estimated September, 2016

Mill Stone Apartments- Development Partner #09007
Fort Worth, Texas

144 unit apartment development
Tax Credit Financed awarded July 2009
Construction Completion Date August 2010
98% Occupied

Enclave at Parkview Apartments – Development Partner #060062
Fort Worth, Texas

144 unit apartment development
Tax Credit Financed awarded July 2006
Construction Completion Date March 2008
98% Occupancy

Arbor Oaks - Development Partner #02079
Odessa, Texas

120 unit Apartment Development
Tax Credits awarded in 2002
Completed in September 2004 (94% Occupied)

Echo Station Apartments - Development Partner
Temple, Texas

176 unit Conventional Market Rate development financed with a 221(d)4 HUD loan
Completed in November 2003 and SOLD January 2004

Brazos Village Townhomes – Development Partner #97021
Waco, Texas

144-unit completed March 1999 (96% Occupied)
Non-recourse loan with Mass. Mutual
Tax Credits awarded November 1997

Magnolia Place Apartments – Development Partner #10290
Houston, Texas

144 unit apartment development
Tax Credit Financed awarded 2010
Construction Completion Date November 2012
99% Occupied

Fox Hill Apartments – Development Partner
Austin, Texas

288 unit apartment development
Construction Completion January 2010
Sold October 2011

Kensington Place Apartments – Development Partner #04426
Houston, Texas

216 unit Apartment Development
Bond and Tax Credit financed July 2004
Construction Completed August 1, 2005 (95% occupied)

Brazos Landing Townhomes – Development Partner #01029
Waco, Texas

160 unit townhome rental community
Tax credits awarded in 2001
Completed in July 2003 (98% occupied)

Arbor Terrace Townhomes – Development Partner #99043
Odessa, Texas

128 unit development completed in July 2001 with 98% occupancy.
FNMA non-recourse loan closed in December 2001 with DUS Muni-Mae Midland
Tax Credits awarded in 1999

Southpark Village Apartments – Development Partner #96116
Lockhart, Texas

144 – unit rural community development completed July 1998
25% ownership conveyed by majority GP Interest.
Tax Credits awarded November 1996