JLL Closes Sale of San Antonio Townhome Community

22 October 2019

SAN ANTONIO – JLL announced today that it has closed the sale of Castle Hills Townhomes, a 149-home, Class A, core-plus townhome community in San Antonio’s Castle Hills neighborhood.

JLL marketed the property exclusively on behalf of the seller, Hayden Properties, LLC, and procured the buyer, a private multi-housing operator based in Austin.

Castle Hills Townhomes is located at 1947 Larkspur Drive, which is approximately 12 miles north of downtown and less than five miles northwest of the San Antonio International Airport. The 22-building property offers residents a single-family lifestyle with the convenience of two-story townhome apartments with a variety of one-, two- and three-bedroom floor plans averaging 1,000 square feet. Homes feature stainless steel appliances, stone fireplaces, plank flooring, large closets and garages within a well-maintained gated community with a community swimming pool and outdoor kitchen/lounge area. The property was 97% occupied at closing.

The JLL Capital Markets team representing the buyer was led by Managing Director Scott LaMontagne and Executive Vice Presidents Moses Siller and Zar Haro.