Northmarq brokers sale of Falcon Ridge in Universal City, San Antonio MSA, Texas
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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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
