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Sherman Residential Snaps Up New Braunfels Apartments
Sherman Residential recently completed the acquisition of the Avenues at Creekside Apartments in New Braunfels. Built in 2013, the 32-building property spans 395 units. Acquisition terms weren’t disclosed.
“This acquisition continues our long-term commitment to the Austin/San Antonio apartment markets, where we expect to expand our portfolio in the coming years,” said Sherman SVP Scott Gould.
The new ownership of Avenues at Creekside says the property is in the rapidly growing submarket between San Antonio and Austin. Major corporations, such as PNC Bank and Continental Automotive, are expanding to New Braunfels and planning to add more than 1,000 jobs.
“With additional access to both downtown San Antonio and Austin’s top employers as well as inclusion in Texas Education Agency’s top-ranked Comal Independent School District, residents benefit from a prime location,” according to Sherman.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
