232-Unit Avistar at Chase Hill Goes to Colorado Buyer

MBP Capital Inc., located in Denver, CO, acquired the 232-unit Avistar at Chase Hill in San Antonio. American Opportunity for Housing sold the Class B asset in an off-market transaction, for an undisclosed price. Berkadia’s Will Caruth, Michael Miller, Christopher Ross and Cody Courtney facilitated the transaction.

Avistar at Chase Hill, at 15800 Chase Hill Blvd., delivered in the late 1970s and is a few minutes away from the University of Texas at San Antonio. The asset, which is valued at $8.9 million, offers one and two-bedroom units, with onsite amenities including a fitness and business center, laundry facility, pool and tennis court.

Said Ross: “The buyer’s acquisition of this asset provides a tremendous opportunity for a value-add play in an excellent submarket.”

For comments, questions or concerns, please contact Texas Commercial Real Estate News Editor Amy Sorter