Forge Partners Sells San Antonio Asset

JLL arranged the sale on behalf of the company. The 50-year-old, 202-unit Parker Apartment Homes presents significant value-add opportunities.

JLL arranged the sale of The Parker Apartment Homes in San Antonio on behalf of Forge Partners, formerly known as DWOLV LLC. The buyer is a private Austin-based investor.

Value-add opportunity

The Parker is located on 9.3 acres at 6600 Fairdale Drive in northeast San Antonio, near Interstate 35 and Loop 410. Built in 1965, the 40-building, 202-unit community offers one- to three-bedroom units averaging 603 square feet. Common area amenities include a swimming pool, two on-site laundry facilities, children’s play area, dog park and business center. Unit amenities include carpeted floors, pantry and mini blinds.

Managing Director Scott LaMontagne, Senior Vice President Moses Siller and Senior Vice President Zar Haro led the JLL team on the deal.

“The Parker is a tremendous value-add asset for the investor,” said LaMontagne. “Strong economic fundamentals and significant growth in San Antonio provide great upside for the property with the right strategic additions. We’re thrilled to facilitate this transaction.”

Images courtesy of The Parker