Berkadia Arranges Sale & Financing of New Class A Apartments in San Antonio, Texas

October 13, 2020

Berkadia Arranges Sale & Financing of New Class A Apartments in San Antonio, Texas

October 13, 2020

 SAN ANTONIO (October 13, 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.

Berkadia Arranges Sale & Financing of New Class A | Multifamily Press

Berkadia Arranges Deal in Westover Hills | Connect Media

Berkadia Arranges Sale of 338-Unit Legacy Creekside Apartments in San Antonio | REBusiness Online

Legacy Creekside luxury apartments sell near Ingram Park Mall, plans call for expansion | San Antonio Business Journal

Berkadia Brokers 338-Unit San Antonio Sale | Multi-Housing News