Eagle’s Nest Apartments Lands New Owner

By Anca Gagiuc, Associate Editor

Eagle’s Nest Apartments, San Antonio

Berkadia announced completing the sale of Eagle’s Nest Apartments on October 2. Managing Director Mike Miller, Director Chris Ross, Director Will Caruth and Associate Cody Courtney of the San Antonio office were part of the team arranging the sale.

The seller was Eagle Apartments LTD of San Antonio, a longtime property owner in Texas. The buyer, a private investor from Orem, Utah, was looking to add to its portfolio. Financial details about the transaction were not disclosed.

“The buyer was looking to add well-located, value-add assets to their already impressive San Antonio portfolio,” said Miller. “The renovated units and highly visible, medical center location made Eagle’s Nest Apartments an appealing and strategic acquisition.”

The residential community that sits on 7.84 acres at 5211 Fredericksburg Road, was built in 1980. Eagle’s Nest Apartments is less than six miles from North Star Mall and one mile from Wonderland of the Americas Mall. Top employers in the area include USAA, South Texas Medical Center, University of Texas Health Science Center San Antonio and University of Texas San Antonio.

The community consists of 226 units including studio, one- and two-bedroom floorplans. Apartment amenities include balconies or patios, fully equipped kitchens, walk-in closets, vaulted ceilings, fireplaces, hardwood floors and extra storage. Community amenities feature volleyball courts, barbeques, a swimming pool, clubhouse, laundry room and outside storage.

Image courtesy of Google Maps