San Antonio, TX – Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate company, announced the sale of Tradehouse at Bulverde Marketplace, a 330-unit Class-A apartment community located in an affluent suburb of San Antonio. The address of the multifamily asset is 17038 Bulverde Rd., San Antonio, Texas. Matthews™ Executive Vice President & National Director of Multifamily, David Roth, represented the seller, The NRP Group, a Cleveland, Ohio based real estate development firm.
The asset traded to Sun Holdings Group, a Houston-based multifamily investment firm for an undisclosed price. According to Roth, “Contingencies were not waived prior to the national lockdown and our entire team worked diligently with all parties involved to close this transaction. Completing this closing during the COVID-19 pandemic is testament to the strength of our team and the ingenuity of both the buyer and seller. This was truly a team effort and an incredible accomplishment during these unprecedented times.”
Built in 2018, the property features a state-of-the-art fitness center with a dedicated flex studio and Fitness on Demand, resort-inspired pool with tanning ledge, and contemporary lounge. Located at 17038 Bulverde Road within a 104-acre master-planned, mixed-use project, the six-building property is located within walking distance of Bulverde Marketplace, home to H-E-B. The property has connectivity via Loop 1604 and Hwy 281, as well as Wurzbach Parkway, providing quick access throughout the metro community.
“The high level of interest we were able to generate for this offering reaffirms the strong investor appetite for Central Texas multifamily assets,” notes David Roth. “Through our extensive marketing efforts, we were able to procure over a dozen offers to purchase the asset. The offers came from interested buyers ranging from high-net-worth private individuals to institutions, as well as foreign capital.”
For more information regarding the sale of Tradehouse at Bulverde Marketplace in San Antonio, Texas or if you have any other questions related to multifamily investments, please do not hesitate to reach out to Executive Vice President & National Director of Multifamily David Roth. To view all current listings, please visit www.matthews.com.
Matthews Real Estate Investment Services™ is recognized as an industry leader in Shopping Centers, STNL, Multifamily, Leasing, Management, Portfolio Disposition and 1031 Exchange programs. The firm is headquartered in El Segundo, CA and serves clients throughout the United States and Canada. For more information, please visit www.matthews.com.