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First of Three Multifamily Complexes Sells in Central Texas
McCarty Commons, a 224,000-square-foot 249-unit apartment complex, is one of three ground-up multifamily developments in Dallas-based Kalterra Capital Partners’ portfolio expected to transact this year. The asset recently sold to an undisclosed buyer for an undisclosed purchase price.
The 10.4-acre McCarty Commons site at 1476 E. McCarty Lane in San Marcos is within the Central Texas submarket between the San Antonio and Austin metro areas. Just east of I-35 and the San Marcos Outlet Malls, the project serves the growing demand for class-A apartments near Texas State University. McCarty Commons began construction in 2018, completed in 2019 and was fully stabilized in 2020.
The Hill Country design includes interior/exterior finishes designed to meet the needs of a variety of professionals and university students seeking quality amenities and low maintenance living.
- ◦Sale
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3801 E MORELAND DR
WESLACO, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Call for offers Price: $7,500,000 No. of Units: 78 Year Built: 2005 Lot Size: 77325 Acres Opportunity Zone: No Price per unit: $96,153 
Jameson St Apartments
Weatherford, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $5,160,000 No. of Units: 60 Average Occupancy: 98 Year Built: 1973 Building Size: 44700 Sq ft Lot Size: 4.05 Acres No. of Stories: 2 APN: R000047582 No. of Parking Spots: 100 Opportunity Zone: No Price per unit: $86,000
