SAN ANTONIO—Stream Realty Partners has brokered the sale of The Hill at Woodway, a 248-unit apartment community located at 10951 Laureate Drive in northwest San Antonio.
Kelly Witherspoon, senior vice president of Stream's Austin office, and Justin Cole, senior associate, Stream's San Antonio office represented RW Partners LLC in the investment sale toCFH Investment Partners Inc.
"The Hill at Woodway's strategic location near high-traffic expressways, large corporate employers and recently developed regional retail centers, along with San Antonio's expanding population, provides the new owner with long-term economic stability and value appreciation," Cole told GlobeSt.com.
Centrally located in the thriving northwest side of San Antonio, The Hill at Woodway offers 21, two and three-story, garden-style, residential buildings. The property amenities include mature oak trees, a community clubhouse, a clothes-care facility, controlled-access gates, a scenic pool, sun deck and outdoor picnic area. The apartment amenities include spacious floor plans, full-size washer and dryer connections in each unit, as well as balconies and patios with outside storage.
"The new ownership has experience in repositioning older communities and have an extensive interior, exterior capital improvement plan for the property," says Witherspoon. "Already having a presence in the San Antonio MSA, we have no doubt they'll be successful in their endeavors."
Stream's multifamily division is led by senior vice president Jeff Patterson. Its multifamily transaction team has sold more than 43,000 units totaling $2.3 billion in transaction volume since 2004.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
