Matthews™ Closes 60-Unit Luxury Multifamily Property in Kerrville, TX

Property Emerges as Rental Market Leader in the Area

Kerrville, TX —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of a 60-unit luxury multifamily asset, Sidney Baker Apartments, located at 1407 Sidney Baker St, Kerrville, TX. Market Leader Tyler Marshall represented the buyer in the transaction.

 

The property is located in the affluent Central Texas secondary market of Kerrville, in the heart of the Texas Hill Country, 65 miles northwest of San Antonio and 100 miles west of Austin. In the small market of Kerrville, this property stands out as the frontrunner in rental rates. Trinity Capital Group sold the investment.

 

“Once the buyer’s property closed, they immediately used those funds to complete a 1031 exchange into Sidney Baker Luxury Apartments,” said Marshall. “Having our own capital markets team played a huge role in helping to get this closed quickly.”

 

The Matthews™ Capital Markets division is a fully integrated and dedicated financing division. The division offers a full suite of capital markets solutions to solve every real estate funding need. Vice President of capital markets Clark Finney was a vital component in the outcome of this particular transaction.

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 20+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.