Twin Creeks at Alamo Ranch Changes Ownership

Will Balthrope and Jordan Featherston of Institutional Property Advisors brokered the sale of the property, which was acquired by an out-of-state investor.

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.

Vibrant location

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
  • spa
  • 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

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