SAN ANTONIO, TX - Berkadia announces it has arranged the sale of Echelon at Monterrey Vista, a 240-unit Class A multifamily community in San Antonio. Managing Director Mike Miller, Senior Director Will Caruth and Director Cody Courtney of Berkadia’s San Antonio office secured the sale on behalf of the seller, The Garrett Companies, a real estate development firm based in Greenwood, Indiana. A private Texas investor acquired the property.
“The buyer recognized the long-term value of acquiring a luxury Class A deal in San Antonio, where market fundamentals remain strong with all signs pointing to future job, wage and population growth,” said Miller. “Echelon at Monterrey Village is well-positioned to take advantage of the expanding Westover Hills submarket where there is only one other property currently under construction.”
MLG Capital Invests in San Antonio Market with Purchase of Class A Pecos Flats Apartment Complex
BROOKFIELD, WI /
ACCESSWIRE /
March 11, 2021 / MLG Capital today announced its acquisition of the Pecos Flats apartment community, located in the Westover Hills area of San Antonio at 1210 Hunt Ln. The Class A, 384-unit multi-family apartment complex is MLG s first property investment in San Antonio. We are pleased to expand our growing Texas footprint into San Antonio with this acquisition, said Ryan Mueller, Vice President of Acquisitions at MLG Capital. We continue to look for opportunities to invest in high-growth markets and felt Peco Flats was the right fit. We anticipate significant continued growth for the San Antonio market, which is projected to add another 170,000 new residents in the next five years, including a 7.7 percent population growth within a one-mile radius of Pecos Flats.
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