SAN ANTONIO, TEXAS (September 29, 2022) – Zar Haro, Moses Siller, Bryan VanCura, and Phil Grafe, secured the sale of Villa De Oro. The 150-unit community is located at 130 Camino De Oro, San Antonio, Texas. Northmarq represented the seller, Achieve Investment Group, in the transaction. The buyer, 130 Camino De Oro Haus Group Borrowing, LLC, plans to implement a value-add program.
“The sale was extremely challenging given the nature of a very volatile capital markets and interest rate environment; however, great real estate shines through during tough times,” said Haro.
San Antonio’s information technology industry hub, the Port of San Antonio which is blocks from Villa De Oro, generates an annual economic impact of nearly $11 billion and employs 48,000 people, according to a report commissioned and co-authored by Tech Bloc, a nonprofit organization that advocates for the local tech industry, in association with Port San Antonio.
Villa De Oro is situated southwest of Downtown San Antonio, connecting residents to surrounding education and employment opportunities. The property features premium community amenities including an outdoor swimming pool, basketball court, playground, clubhouse, and on-site laundry. “We are sorry to see this one go because this was one of our flagship properties, but the timing was just too good to say no,” said James Kandasmy.