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Berkadia Arranges Deal in Westover Hills

Berkadia arranged the sale and financing of Legacy Creekside, a newly built, 338-unit garden-style apartment community in San Antonio’s Westover Hills area. Terms weren’t disclosed.

Senior managing director Ryan Epstein of Berkadia’s Houston office, along with San Antonio-based managing director Michael Miller, senior director Will Caruth and director Cody Courtney, represented the seller, White-Conlee Builders.
Lucas Donahue, managing director of Berkadia’s Phoenix office, secured acquisition financing on behalf of the buyer, Univest Inc.
 
“Westover Hills has seen explosive growth across all product types and has some of the strongest rental market dynamics in the San Antonio metropolitan area,” said Epstein. “In addition, the new owner can utilize existing plans to develop up to 150 additional apartment units on an adjacent 4.55-acre property.”
 
Built in 2018, Legacy Creekside offers one-, two- and three-bedroom floor plans with an average unit size of 828 square feet.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition
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