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Texas  + State of Texas  + Apartments  | 
Koontz Corporation builds and sells 340-unit Encino Trace Apartments to SB Pacific Corp. in same year.

Koontz Corporation Sells College Station Multifamily Asset

Koontz Corporation sold the Encino Trace Luxury Apartment Homes, a 340-unit apartment complex located in College Station, Texas to SB Pacific Group. Will Balthrope, Drew Garza and Jennifer Campbell of Institutional Property Advisors brokered the sale on behalf of the Koontz Corporation.

Koontz built the project and just finished it in January of 2022. The 14-building, stone and stucco development is on 14 acres just two miles from the Texas A & M campus. CEO Bart Koontz is happy with the result, “Encino Trace Luxury Apartment Homes is a prime example of our experience in developing luxury apartment homes in our region. We are pleased that SB Pacific Group recognized the value we created.”

Koontz has developed 22 multifamily communities, as well as office, medical, retail and industrial projects.


Inside The Story

Bart Koontz

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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    Listing Status:Available
    Listing Type:Call for offers
    No. of Units:101
    Average Occupancy:8
    Year Built:1948
    Lot Size:57239 Acres
    Opportunity Zone:Yes
    Price per unit:$61,386
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    Houston, 0Texas + Apartments
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:20
    Cap Rate:8.01
    Opportunity Zone:No
    Price per unit:$70,000
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  • ◦Sale/Acquisition
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