Wednesday, April 7, 2021
Kalterra Capital Partners recently sold McCarty Commons, a 224,000 square-foot, 249-unit apartment complex, located at 1476 E. McCarty Lane in San Marcos. The project is one of three ground-up multifamily developments in Kalterra’s portfolio expected to transact this year.
The 10.4-acre McCarty Commons site is just east of Interstate 35 and the San Marcos Outlet Malls. The project serves the growing demand for Class-A luxury apartments near Texas State University. McCarty Commons began construction in 2018, completed in 2019 and was fully stabilized in 2020.
“Kalterra is proud to complete the sale of our first multifamily development in San Marcos, Texas,” said Clint Nolen, managing partner and co-founder of Kalterra Capital Partners. “McCarty Commons not only represents our purpose to meet the needs of our investors and communities, but it also represents the phenomenal team that worked together to make it one of our many upcoming successes.”