The Saddler House Apartments is a premier 240-unit luxury community developed by Covenant Development in San Marcos, Texas. The property opened in 2018 and features modern one- and two-bedroom units, each equipped with high-end finishes such as granite countertops, hardwood floors, and crown molding. The development offers a comfortable and stylish living environment that appeals to a variety of residents.

The community provides a range of amenities, including a resort-style pool, a fitness center, a pet-friendly dog park, and gated security, ensuring residents enjoy a high quality of life. Capstone Real Estate Services provided property management, maintaining the complex throughout its operational phase. The total construction cost of the project was $28 million, which was financed through the HUD 221(D)(4) program. Mason Joseph Company served as the MAP lender for the development.

Located in close proximity to major retail centers, dining, entertainment options, and Texas State University, the apartments offer convenience and accessibility. This prime location, combined with the community’s luxury features, made the property highly attractive to renters. The development achieved a strong Internal Rate of Return (IRR) of 38.6%, reflecting its financial success and solid performance.

The project included the expertise of Investwell Architects as the architectural designer and Parkcrest Builders as the general contractor. The community’s successful operational phase led to its sale in 2019, marking the completion of its development.