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MULTIFAMILY NEWS
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Olympus Property Buys 312-Unit Apartment Community in San Antonio

6/12/15

Fort Worth, TX-based Olympus Property has purchased Tacara at Westover Hills, a 312-unit apartment community in San Antonio. The price was not released.

Constructed in 2014 on 13.4 acres, the community is located at 8543 State Highway 151 in San Antonio, less than one-half mile from the intersection of State Highway 151 and Loop 410. Westover Marketplace, a 600k sf shopping center, is within walking distance. Nearby employment centers include the JPMorgan Chase operations center, the Microsoft San Antonio data center, QVC, Maxim Integrated, Northwest Vista College, SeaWorld, Petco, and the Texas Cryptology Center. The area is also home to the newly opened, 150-bed Christus Santa Rosa Hospital.

Tacara at Westover Hills’s apartment homes feature keyless home entry, stainless steel-finished GE appliances, granite countertops and under-mounted sinks in the kitchens and bathrooms, garden-style tubs and oversized patios and balconies. Community amenities include limited-access entry gates, a 24-hour-access fitness center, a resort-style pool with sundeck, a gourmet-style “iron chef” presentation kitchen, outdoor lounge areas with fire pits and fireplaces, spa-style tanning booths, a dog park and an electric car charging station.

Institutional Property Advisors executive director Will Balthrope, director Drew Kile, along with Marcus & Millichap associate Rowan Burch, advised the seller, and procured the buyer in the transaction.

“The property is a recently constructed, top-of-the-market multifamily asset located in Westover Hills, which is one of the nation’s premier master-planned developments and one of the fastest-growing submarkets in San Antonio,” says Balthrope.





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