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.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.