Northmarq brokers sale of Falcon Ridge in Universal City, San Antonio MSA, Texas

Falcon Ridge
Investment Sales - Multifamily
Multi-Tenant
Multifamily
Sale
Other
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SAN ANTONIO (September 29, 2022) –Zar Haro, Moses Siller, Bryan VanCura, and Phil Grafe arranged the sale of Falcon Ridge. The 118-unit multifamily community is located at 350 East Aviation Boulevard in Universal City, Texas. Northmarq represented the seller, High Five Multifamily, in the sale. 

“Falcon Ridge was well positioned for the new Buyer to take advantage of the proven value-add program the Seller had proven out over the life of ownership. We also helped the new Buyer acquire the neighboring property to create more scale and provide more opportunity,” said VanCura. 

The intersection of Interstate 35 and Loop 1604, less than five miles from Falcon Ridge, marks the center of one of the fastest growing submarkets in San Antonio and offers some of the top retail and entertainment options in all of San Antonio.

According to Northmarq’s recently released San Antonio multifamily market insights, the number of properties that have changed hands increased by nearly 50 percent year-to-date.

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About Northmarq 
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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