Culebra Commons Apartments

Hampshire Capital Acquires Culebra Commons Apartments in San Antonio

June 17, 20242 min read

Hampshire Capital Partners Major National Investor to Acquire Culebra Commons Apartments in the Great Northwest Neighborhood of San Antonio, TX

Leveraging a unique tax-advantaged location in the nation’s fastest growing city the acquisition showcases the power of industry partnerships to achieve results

Portsmouth, NH (June 17th, 2024) - Hampshire Capital, a real estate investment firm based in Portsmouth, NH announced today the acquisition of Culebra Commons, a 327-unit apartment community located in the Great Northwest Neighborhood of San Antonio, TX. The property was acquired in partnership with Lynd Living, a familyowned national multifamily operator and real estate investment firm with an extensive track record in Texas real estate markets.

Shane Carter

"We are honored to have our first partnership with Lynd Group on this beautiful A-class asset.," said Shane Carter, CEO of Hampshire Capital. "Our investors will benefit from this safe and solid yield play coupled with very low interest fixed-rate debt from HUD and a favorable PFC tax structure with the City of San Antonio."

Built in 2021, Culebra Commons ( takes advantage of a Public Facilities Corporation (‘PFC’) program recently established by the Texas State Legislature. Hampshire was able to utilize its extensive background in complex financing and incentive structures to capture a 100% reduction in real estate taxes and significantly de-risks the investment for investors. The acquisition of aligns with Hampshire Capital's fund investment strategy, focusing on well-positioned multifamily properties in growing Sunbelt markets.

Nick Bouquet

"Culebra Commons represents an attractive investment opportunity due to its participation in the Public Facilities Corporation program, which provides significant tax benefits and enhances cash flows," said Nick Bouquet, Chief Operating Officer at Hampshire Capital. "The property's efficient operating expense ratio and strong market fundamentals further solidify its potential for long-term value creation."

About Lynd Acquisition Group:

Lynd Living is a family-owned multifamily operator and real estate investment firm founded in 1980. With deep expertise in Texas real estate markets, Lynd has owned or operated over 140,000 units nationally, with over 72,000 of them being in the state of Texas.

About Hampshire Capital:

Hampshire Capital is a real estate investment firm dedicated to acquiring, developing, and managing high-quality multifamily properties across the United States. With a focus on value creation and a commitment to excellence, Hampshire Capital seeks to deliver attractive riskadjusted returns to its investors while providing exceptional living experiences for its residents. For more information about Hampshire Capital, please visit

Culebra Acquisition

Media Contacts

Rob Spalding

[email protected]

(603) 531-0053

SOURCE Hampshire Capital

Filed Under news

Tagged With real estate investor, Hampshire capital portfolio, hampshire capital news, texas multifamily, san antonio multifamily, new england multifamily.

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