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Class-A Multifamily is Ready to Take Advantage of Expansion
Echelon at Monterrey Village is well-positioned to take advantage of the expanding Westover Hills submarket in San Antonio where there is only one other property currently under construction, says a broker associated with its recent acquisition. The 240-unit class-A multifamily community recently sold to a private Texas investor for an undisclosed price.
Berkadia’s Mike Miller, Will Caruth and Cody Courtney of Berkadia’s San Antonio office secured the sale on behalf of the seller, The Garrett Companies, a real estate development firm based in Greenwood, IN.
“The buyer recognized the long-term value of acquiring a luxury class-A deal in San Antonio, where market fundamentals remain strong, with all signs pointing to future job, wage and population growth,” said Miller.
Built in 2018, Echelon at Monterrey Vista is located at 1639 Cable Ranch Rd. in west San Antonio. Raymond E. Stotzer Jr. Freeway and Interstate 410 are less than five minutes away, offering a 20-minute drive into downtown San Antonio.
- ◦Acquisition
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