
S&H Realty Ends 25-Year Hold on Corpus Christi Apartments
Berkadia arranged the sale of Regency Square, a 240-unit garden-style multifamily property in Corpus Christi, for an undisclosed sum. Kelly Witherspoon and Justin Cole of Berkadia’s Austin office completed the sale on behalf of the seller, Minnesota-based S&H Realty Management. The buyer was Texas-based 3CM Multifamily.
“This was a very unique opportunity in that the seller had owned the asset for more than 25 years,” said Witherspoon. “Given heavy interest before we officially came to market, the property was taken before we got that far. Well located, first generation value-add opportunities are hard to find, and they continue to be in high demand in the Corpus Christi MSA.”
John Bollinger, CEO of 3CM Multifamily, said, “We are completing a significant amount of capital improvements. Then we are rebranding the property, to be called Aventine Corpus Christi.”
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