August 24, 2023 at 2:30 PM
星空体育app下载 announces it has arranged the sale of Archer Stone Canyon, a 228-unit value-add multifamily property located in North Central San Antonio, Texas. 星空体育app下载 Multifamily Capital Markets Vice Chairman Patton Jones, Executive Managing Director Matt Michelson and Managing Director Andrew Dickson represented the seller, Internacional, in the sale to the buyer, The Milestone Group. The transaction represents 星空体育app下载鈥檚 third time selling this asset.
“Archer Stone Canyon garnered significant investor attention from both regional and out-of-state buyers,” said Michelson. “Investors were drawn to the outstanding value-add potential as well as the highly desirable location in the surrounding Stone Oak submarket.”
Archer Stone Canyon鈥檚 community facilities include a resort-style pool, an outdoor kitchen with grills, a two-story clubhouse with a multimedia library and a 24-hour fitness center equipped with free weights, cardio machines, strength equipment and a flat screen TV. The property also features a fenced dog park with an agility course, playground, covered parking, controlled access gates and lush community landscaping. Property units average 1,108 square feet and feature large scale windows, abundant storage space and built-in desks and bookshelves.
Located at 21302 Encino Commons Boulevard, Archer Stone Canyon is proximate to upscale retail and recreation within the Stone Oak submarket, including popular destinations like Village at Stone Oak, Stone Ridge Market, The Legacy and Northwoods, as well as multiple golf courses, resorts and parks. Nearby major employers include Sonterra Medical Center, JP Morgan Chase Corporate Center, Ridgewood Park, RBFCU Headquarters and Amazon. Additionally, the property is directly adjacent to Hwy 281, offering convenient accessibility to major traffic thoroughfares.
According to 星空体育app下载 Research, multifamily demand across the U.S. projects to advance even further in 2023, reaching the highest levels since the third quarter of 2021 and well above the long-term average. New supply will also significantly increase, with nearly 550,000 units expected to be delivered in 2023 and an all-time high of nearly 588,000 in 2024.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, 星空体育app下载 generated revenues of approximately $2.7 billion. As of June 30, 2023, 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world. To learn more, visit nmrk.com or follow .
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