Portfolio 11 · Elmendorf, Texas
Real Estate Investment in Elmendorf, Texas
A 49-acre undeveloped parcel of land purchased in July 2024 southeast of San Antonio, now almost fully approved and available to buyers. The funding round is closed: this fact sheet shows you what you’re financing when you invest in a LandQuire project.
Funded · approvals pending
- 49 acres acquired on July 22, 2024, by a company established specifically for the project
- 360 units planned for a modular housing complex
- Approvals have reached 92%
- Property listed with a real estate agent since May 2026; no offers received
- Elmendorf, Bexar County (Texas)Location
- 49 acres (19.8 ha)Area
- A complex of 360 modular housing unitsProject
- July 22, 2024Purchase of the land
- CloseSunrise
- Property listed with a real estate agent since May 2026; no offers receivedSale
- LandQuire by the Numbers
- 50land development projects launched since 2021
- 37projects sold
- 3,143U.S. counties analyzed
Portfolio 11: A Real Estate Investment in Elmendorf—At a Glance
Elmendorf is a small town in Bexar County, about 27 km southeast of downtown San Antonio, within the San Antonio-New Braunfels metropolitan area. San Antonio is the second-largest city in Texas, with a population of more than 1.5 million.
Portfolio 11 consists of 49 acres of raw land, purchased on July 22, 2024, by LQ Investments Portfolio Eleven LLC, the company established solely for this project. LandQuire does not build anything on the site; instead, it obtains the necessary permits and then sells the zoned land to an operator or developer.
The plan calls for a residential complex with 360 units for modular housing.
A second LandQuire project is underway in the same city, on a larger site: Portfolio 12 in Elmendorf, which combines modular housing, RVs, and retail spaces.
Source: U.S. Census Bureau, city population estimates as of July 1, 2025.
What is the status of the Elmendorf real estate investment?
Purchase of the Land
July 2024: The project company purchases the undeveloped land after raising funds from investors.
Studies and Plans
August 2024 through March 2025: surveys, subdivision plan, traffic study, water and sewer plans; the City of San Antonio’s technical departments approve the plans.
Permissions
As of October 2026, 92% of the permits have been approved: all that remains is the on-site sewage system, which must be approved by Bexar County, a letter from the water department, and then the registration of the plan.
Disposal
The property has been listed with a specialized real estate agent since May 14, 2026. No offers have been received to date.
What This Real Estate Investment in Elmendorf Shows You
A funded project is a real-world initiative, monitored step by step. Here’s what it demonstrates about the LandQuire method.
Value is created during the authorization process
The land is purchased as-is. Building plans, utility connections, road infrastructure, and sewer systems: each permit obtained brings the land closer to its resale value.
The sale is being prepared before the permits expire
The brochure, broker, and list of priority buyers will be launched in May 2026, without waiting for the plan to be registered.
One property, one company, one account
Your capital is deposited into the project company's account and is used solely for this property. You are a partner in the company.
Fees Known From the Start
The fees are included in each project's budget, with no annual management fees. Details are provided in the PPM.
Who is a real estate investment like the one in Elmendorf intended for?
The Portfolio 11 fundraising round has closed, but future projects will follow the same model, starting at $100,000 per project. U.S. real estate represents a minority portion of your portfolio.
Individuals with €100,000 or more to invest
You're diversifying in dollars, investing in a tangible asset. You know exactly which property you're financing, and you track every milestone, just like here in Elmendorf.
Business Leaders After a Sale
You reinvest a portion of the sale proceeds outside of France in a specific, documented project. You can invest directly or through your holding company.
Family offices
You co-invest on a project-by-project basis, through a dedicated structure for each property. Quarterly reports track each project company.
Wealth Management Professionals and Financial Advisors
You show your clients an actual project—complete with its milestones and reports—before offering them an open-ended investment opportunity.
Example: $100,000 in a real estate investment such as Elmendorf
Here is the journey of a $100,000 share in a project like Portfolio 11, from subscription to resale.
| Step | What Happens to Your Ticket |
|---|---|
| Subscription | Sign the PPM and transfer $100,000 to the project company's account. |
| Purchase | The company will purchase the land in July 2024. The acquisition and closing costs are already included in the budget. |
| Valuation | LandQuire handles the plans, utility lines, and permits. You receive a report every quarter and a K-1 form every year. |
| Disposal | The approved land is sold to an operator or a developer. |
| Cast | First, you'll receive your $100,000, and then your share of the profits, as specified in the project's PPM. |
| Duration | Target term: approximately 36 months for current funding rounds, with no guarantees. Plan for 5 years or more. After 60 months, LandQuire waives its share of the capital gains. |
For a $100,000 investment, your share of the profits is 55%; it rises to 70% for investments of $1 million or more.
Details on each step can be found on the page titled “How to Invest in a Real Estate Project.”
Evidence of Land Investment in Elmendorf
A registered title deed
The title deed is registered in Bexar County in the name of the project company.
Progress reports published at each stage
Thirteen reports have been provided to investors since the second half of 2024: one semiannual report, six quarterly reports, and six monthly reports, including the divestiture reports published each month since the assets were put up for sale.
A secure plot of land
Each property is covered by liability insurance. For Portfolio 11: $1 million per claim and $2 million in total, with no deductible.
Local Engineering
The plans and permitting documentation are being handled in collaboration with LJA Engineering, a civil engineering firm with extensive experience working with Texas authorities.
A program that has already been implemented in other areas
Of the 50 projects launched since 2021, 37 have been sold. See the other plots currently available on the page for funded land projects.
Frequently Asked Questions About Real Estate Investment in Elmendorf
Can we still invest in Portfolio 11?
No: The fundraising campaign has ended, and the land has been purchased. You can join an ongoing fundraising campaign—starting at $100,000 per project—on the "Current Campaigns" page.
Why does it take more than two years to get approval?
The land goes through several agencies: the City of San Antonio, Bexar County, the water department, and the sewer department. Each has its own review timeline. It is this stage that creates value, as explained in our guide to the land entitlement process in the U.S.
What happens if the land doesn't sell?
Target duration: approximately 36 months for current fundraising rounds, with no guarantee. Plan for 5 years or more. After 60 months, LandQuire waives its share of the capital gains. Other risks are detailed on the real estate investment risks page.
What fees are charged for a project?
Acquisition and exercise fees are included in each project's budget. There are no annual management fees. Details are provided in the project's PPM.
How are profits from a U.S. real estate project taxed?
Each year, you receive a K-1 for your tax returns; the project company’s tax matters are handled by an independent CPA. The rules for French residents are summarized in our guide toreal estate investment in the U.S.
Is the dollar a risk to my investment?
Your investment, the sale of the property, and distributions are all denominated in dollars. Your return in euros therefore also depends on the exchange rate at the time you repatriate the funds.
Our Other Real Estate Investment Projects Near San Antonio
Funded
Portfolio 12 · Elmendorf, Texas
A 117-acre parcel of land for modular housing, RVs, and commercial spaces, purchased in October 2024.
View the listing
Fundraising in progress
Portfolio 22 · Cibolo, Texas
94 acres for a residential development, northeast of San Antonio.
View the listing
Open Offers
All Current Offers
Open fundraising campaigns, along with their supporting documents, starting at $100,000 per project.
View current offersThe next approved lot could be yours
Create an account to view active fundraising rounds, their documents, and their progress, such as that of Portfolio 11.
Past performance is not indicative of future results; all investments involve the risk of capital loss.