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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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).