The NRP Group Celebrates Groundbreaking for New Affordable Community in Schertz

Aviator 1518 brings 300 New Apartments to Schertz Near Randolph Air Force Base

SAN ANTONIO--(BUSINESS WIRE)--The NRP Group’s commitment to creating high-quality housing continues with a new 300-unit apartment community in Schertz, Texas, known as Aviator 1518. It is the first-ever affordable housing development created through a partnership between the Schertz Housing Authority and The NRP Group.

“Central Texas has experienced immense growth over the past decade, and Schertz has felt this expansion across new industries, population, education and retail,” said Mayor Ralph Gutierrez. “The demand for a dynamic range of housing in our community has never been higher, and we are thrilled to welcome Aviator 1518 to Schertz for our community.”

Located at 9120 E. FM 1518 N., Aviator 1518 rent will range from $706 - $2,245 per month for one to four-bedroom floorplans. The development name is inspired by Randolph Air Force Base and its relationship to the rich history of Schertz. Amenities will include a playground, pool, clubhouse and fitness center.

“Our mission to support communities with high-quality housing comes to life when all project partners are aligned on the same goal, which is to provide affordable opportunities to residents that need them most,” said Jason Arechiga, Senior Vice President of Development, NRP Group. “Today would not have been possible without the assistance of the City of Schertz, whose leadership recognized the need for workforce and affordable housing options as the city continues to grow and attract commercial and industrial opportunities.”

Units in the complex’s three-story central building are built with elevator-accessible design, and the community is located within the Schertz-Cibolo-Universal City Independent School District boundaries–ensuring families with children have access to quality education.

The project is financed by four percent housing tax credits allocated by the Texas Department of Housing and Community Affairs Additional development partners include Bank of America, Bexar County, Texas Home Collaborative, Coats Rose, MTR Engineering and Alta Architects.

“We’re pleased to celebrate Aviator 1518 alongside The NRP Group and our partners. As Schertz continues to grow, we’re grateful for the opportunity to meet the evolving needs of our residents,” said Schertz Housing Authority Chairman, Len Weinand.

Aviator 1518 is slated for completion in 2026, with pre-leasing beginning 2025.

About The NRP Group

The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing. Since its founding in 1994, NRP has developed more than 50,000 apartment homes, and currently manages over 26,000 residential units. The company utilizes the entire breadth of its in-house capabilities to fulfill its mission: creating exceptional rental communities for individuals and families, regardless of income. Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provides the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market rate, affordable, and senior housing.

The NRP Group has been named the 2021 NMHC #3 Top Multifamily Builder in the U.S. and #5 Top Multifamily Developer, and Affordable Housing Finance has named The NRP Group #2 Top Affordable Housing Developer. The NRP Group is a winner of the National Association of Home Builders (NAHB) Multifamily Pillars of the Industry award for “Builder of the Year” and a three-time recipient of the “Development Firm of the Year.” For additional information, please visit https://www.nrpgroup.com/.