SAN ANTONIO, TX – Berkadia announces that it has arranged the off-market acquisition of Avistar at Chase Hill, a 232-unit garden-style multifamily community located across The University of Texas at San Antonio. MBP Capital, Inc., a commercial real estate investment and brokerage firm based in Denver, Colorado, acquired the property from American Opportunity for Housing, a non-profit based in San Antonio.
Berkadia’s San Antonio and Austin offices facilitated this transaction. The professionals involved were Senior Director Will Caruth, Managing Director Michael Miller, Director Christopher Ross and Associate Director Cody Courtney.
“The buyer’s acquisition of this asset provides a tremendous opportunity for a value-add play in an excellent sub-market,” said Senior Director Christopher Ross.
Built in 1978, Avistar at Chase Hill is a 232-unit apartment community located at 15800 Chase Hill Boulevard. One- and two-bedroom units include hardwood floors, walk-in closets, internet access, and dishwasher. Community amenities feature a fitness center, laundry facility, business center, pool, and tennis court.
Situated near the Hills and Dales neighborhood of San Antonio, Avistar at Chase Hill is located only a few minutes away from The University of Texas at San Antonio, the largest university in San Antonio and the eighth largest in Texas. The community is also situated near entertainment destinations that include Six Flags Fiesta Texas, Topgolf, and Palladium IMAX. Major transit routes such as East Charles William Anderson Loop and Interstate 10 are also close by.
About Berkadia: Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com