SAN ANTONIO (October 15, 2020) – Berkadia announces it has arranged the sale and financing of Legacy Creekside, a newly built, 338-unit garden-style apartment community located in San Antonio, Texas. Senior Managing Director Ryan Epstein of Berkadia’s Houston office, along with Managing Director Michael Miller, Senior Director Will Caruth and Director Cody Courtney of Berkadia’s San Antonio office, represented the seller, White-Conlee Builders. Lucas Donahue, Managing Director of Berkadia’s Phoenix office, secured acquisition financing on behalf of the buyer, Univest Inc.
“Westover Hills has seen explosive growth across all product types and has some of the strongest rental market dynamics in the San Antonio metropolitan area,” said Epstein. “In addition, the new owner can utilize existing plans to develop up to 150 additional apartment units on an adjacent 4.55 acre property.”
Built in 2018, Legacy Creekside offers one-, two-and three-bedroom floor plans with an average unit size of 828 square feet. The property offers 10 different open concept floor plans with designer finishes and features including granite countertops, stainless steel appliances, walk-in showers and garden soaking tubs, modern fixtures with LED lights, and premium wood vinyl flooring. Some residences include private yards and attached garages. The property holds NGBS Bronze certification for energy efficiency.
Community amenities include a resort-style swimming pool and outdoor cabanas, state-of-the-art fitness center, resident lounge with arcade and gourmet coffee bar, outdoor dining areas with gas grills and firepits, two fully fenced dog parks with wash stations, bicycle rentals and a bicycle repair station, valet trash service and a package locker system.
Legacy Creekside offers residents an easy commute to some of the largest employers in San Antonio. It is located within 15 minutes of Lackland Air Force Base and Port San Antonio, and twenty minutes to downtown San Antonio and the South Texas Medical Center.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com.
© 2020 Berkadia Proprietary Holding LLC. Berkadia® is a registered trademark of Berkadia Proprietary Holding LLC.
Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc.
This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
In California, Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. # 01931050.
Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions.
For state licensing details for the above entities, visit: http://www.berkadia.com/legal/licensing.aspx
