Apricus Realty Capital Acquires 53,100-SF IOS Facility in San Antonio, Marking Texas Portfolio Expansion

SAN ANTONIO — Dallas-based Apricus Realty Capital has acquired 8799 Crownhill Blvd., a 53,100-square-foot industrial outdoor storage (IOS) facility situated on approximately 4.3 acres in San Antonio, the firm announced Aug. 17, 2026. The transaction, completed in partnership with Baltimore-based ABR Capital Partners, marks Apricus's first investment in the San Antonio market and extends its growing Texas IOS portfolio.

The fully occupied property sits immediately adjacent to San Antonio International Airport and offers direct access to Interstate 410, U.S. Highway 281, Interstate 35 and Interstate 10. Improvements include crane-served warehouse space, maintenance facilities, a concrete storage yard and multiple drive-in loading positions configured to serve fleet, construction and industrial users.

Strategic Location Drives Acquisition Rationale

Apricus Vice President Cort Martin cited the property's airport proximity and regional connectivity as central to the firm's interest in the asset.

"8799 Crownhill represents the type of high-quality, strategically located asset that is central to our IOS investment strategy," Martin said. "Its proximity to San Antonio International Airport, strong regional connectivity and combination of industrial and outdoor storage capabilities make it exceptionally well positioned to serve a range of mission-critical users."

Apricus plans targeted capital improvements designed to enhance the property's functionality and institutional quality while preserving uninterrupted operations for existing tenants.

Matt Haley, Managing Principal of Apricus Realty Capital, described the acquisition as representative of the firm's broader investment thesis.

"This acquisition exemplifies the type of IOS investment we continue to pursue," Haley said. "We're building a portfolio of institutional-quality IOS assets located in major growth markets and leased to businesses that rely on these properties to support their daily operations."

San Antonio Market Entry Reflects IOS Fundamentals

Garrett Marler, Senior Vice President at Apricus Realty Capital, said the San Antonio market's supply dynamics factored into the firm's decision to enter.

"This acquisition marks our entry into the San Antonio IOS market, which demonstrates attractive fundamentals," Marler said. "This acquisition reinforces our conviction that well-located IOS assets remain one of the most compelling opportunities within commercial real estate, particularly in major Texas markets where replacement costs continue to rise and available supply remains limited."

The IOS asset class has grown to an estimated $218 billion in 2026, up from approximately $200 billion in 2025, reflecting roughly 9% year-over-year growth. Transaction volume in the sector reached an estimated $14 billion to $16 billion in 2025, a 15% to 20% increase over 2024, with 2026 activity tracking ahead of that pace.

Part of an Active Texas Aggregation Strategy

The San Antonio acquisition is the latest in a series of transactions Apricus has completed over the past seven months as part of a programmatic joint venture with ABR Capital Partners focused on IOS and infill industrial aggregation.

Earlier this summer, Apricus acquired 11403 N. Houston Rosslyn Road, an 18.56-acre IOS property in Northwest Houston. That fully leased site includes approximately 53,000 square feet of warehouse and service facilities alongside a large-scale pipe storage and distribution yard. The property is leased to American Piping Products, a steel pipe distribution tenant, and JLL Capital Markets arranged acquisition financing for the transaction. Apricus acquired the Houston asset in partnership with ABR Capital Partners, consistent with the firms' ongoing programmatic venture.

Earlier in 2026, Apricus acquired 6110 Chippewa Dr. in Dallas, a 2.3-acre infill IOS property in the West Dallas/East Brookhollow industrial corridor. That site features a 7,082-square-foot service building with secure fencing and multiple access points, purpose-built for fleet and service operations in an infill submarket where yard sites are scarce.

Across the same period, Apricus has also monetized several IOS assets, generating realized returns for investors. Haley noted that activity on both sides of the investment equation has defined the year for the platform.

"2026 has been an important year for our platform," Haley said. "We have demonstrated both sides of the investment equation by creating liquidity through successful asset monetization while continuing to acquire high-quality properties that align with our long-term investment strategy."

About the Joint Venture Partner

ABR Capital Partners is a Baltimore-based real estate investment manager with a 50-year track record across debt and equity investments throughout the United States. Since inception, ABR has acquired and financed more than $4.2 billion of assets across more than 400 transactions and seven firm-sponsored real estate funds.

Apricus's investment strategy focuses on assembling IOS assets across high-growth, supply-constrained markets serving transportation, logistics, infrastructure, construction and industrial users. The firm said it remains focused on acquiring properties in markets where it identifies strong long-term fundamentals for the IOS asset class.