Multifamily
Investment Sales - Multifamily

Northmarq’s San Antonio office announces sale of RiverBend Apartment Homes

SAN ANTONIO (June 15, 2023) — Northmarq’s San Antonio investment sales team of Moses Siller, Zar Haro, Phil Grafe, Bryan VanCura and Brian Booth collaborated to secure the sale of RiverBend Apartment Homes. The 200-unit property is located at 8237 South Flores Street in San Antonio, Texas. Northmarq represented both the buyer, Two Ten Management, and the seller, Regional Investment and Management, in the sale.

“The sale of Riverbend Apartments is an example of how in this transitional market we can still leverage our investment sales expertise towards a successful closing, “said Siller.

RiverBend Apartment Homes is newly renovated and was built in 1984. Tenants can choose from studio, 1 and 2-bedroom layouts. Residents benefit from proximity to downtown San Antonio with easy access to major roadways and thoroughfares. There are five nearby parks including San Antonio Missions National Historic Park, located only 2.3 miles from the property.

The gated community features two resort-style pools, clubhouse, playground, basketball court, picnic area, courtyard, on-site property management, on-site maintenance, recycling, and additional storage space. Apartment features include private patio/balcony, brick fireplaces, vaulted ceilings, hardwood floors, energy efficient appliances, high speed internet access, and surface parking space.

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.

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RiverBend Apartment Homes
Sale