SAN ANTONIO, TX - Berkadia announces it has arranged the sale of Echelon at Monterrey Vista, a 240-unit Class A multifamily community in San Antonio. Managing Director Mike Miller, Senior Director Will Caruth and Director Cody Courtney of Berkadia’s San Antonio office secured the sale on behalf of the seller, The Garrett Companies, a real estate development firm based in Greenwood, Indiana. A private Texas investor acquired the property.
“The buyer recognized the long-term value of acquiring a luxury Class A deal in San Antonio, where market fundamentals remain strong with all signs pointing to future job, wage and population growth,” said Miller. “Echelon at Monterrey Village is well-positioned to take advantage of the expanding Westover Hills submarket where there is only one other property currently under construction.”