Twin Creeks at Alamo Ranch Changes Ownership
- May 09, 2018
SWBC Real Estate has sold one of its San Antonio properties, in a deal brokered by Marcus & Millichap’s Institutional Property Advisors (IPA). The asset is Twin Creeks at Alamo Ranch, a Class A, 300-unit community located at the entrance of the Alamo Ranch master-planned project on the city’s northwest side.
Developed and completed by SWBC Real Estate in 2016, Twin Creeks at Alamo Ranch is a 16-building property spread across nearly 17 acres at 11650 Alamo Ranch Pkwy., west of the Highway 152 and 1604 intersection. The unit mix consists of one- to three-bedroom floorplans, ranging from 650 to 1,250 square feet and featuring vaulted ceilings, washer/dryer hookups in all units, outside storage and private balconies/patios. Common-area amenities at the controlled-access property include:
- fitness center
- business center
- ranch-themed clubhouse
- swimming pool
- outdoor gathering area and grills
- laundry services
- car wash
- direct access or detached garages
- 537 parking spaces
“The San Antonio multifamily market continues to experience strong investor demand from a wide variety of investors from across the country, in this case a private family office from the upper mid-west,” Will Balthrope, executive director at IPA, said in a prepared statement. “Alamo Ranch is one of the most vibrant sub-markets in the city, evidenced by strong rental demand and fast lease-ups.”
Balthrope and Jordan Featherston of IPA brokered the deal. The community sold to an out-of-state investor for an undisclosed price.
Images courtesy of SWBC Real Estate & Yardi Matrix