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10/03/14
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Newport Beach-based MIG Real Estate has purchased The Marquis at Roger’s Ranch, a 246-unit apartment home community in San Antonio, TX. The Marquis at Roger’s Ranch is located at 2727 Treble Creek, just off Loop 1604 between the affluent master-planned developments of Stone Oak and La Cantera.
The multifamily community consists of 14 two- and three-story buildings with one-, two- and three-bedroom floor plans, as well as two-story townhome-style units with dual car attached garages. Apartment homes feature high ceilings, gourmet kitchens, walk-in closets, and spacious patios or balconies.
Common area amenities at The Marquis at Roger’s Ranch include a tiered, resort-style swimming pool, professional outdoor kitchen, large clubhouse, well-equipped gym and business center. Additionally, the community offers gated access to its residents.
Situated eight miles north of San Antonio International Airport, the property is positioned in one of the fastest growing job markets in San Antonio, with nearby job centers including the Stone Oak Medical Center, anchored by North Central Baptist Hospital and Methodist Stone Oak Hospital.
Residents of the multifamily community benefit from nearby retail and entertainment offerings including The Shops at La Cantera and the RIM, with the activity of Downtown San Antonio less than 20 miles away. The Marquis at Roger’s Ranch offers direct access to recreation at the neighboring Gold’s Gym, several nearby golf courses and the paved, two-mile Roger’s Ranch jogging trail.
The Marquis at Roger’s Ranch represents MIG Real Estate’s fifth investment in Texas multifamily properties, following its investment in Wynhaven at Willowbrook in Houston and The Cottages in Austin in 2012, as well as its 2013 purchases of Pine Creek Ranch in Houston and Adagio Swenson Farms in Austin.
Charles Cirar, Michael Wardlaw, Colin Cannata and Darcy Hammar of CBRE represented the seller in the transaction. Alliance Residential will manage the property for MIG Real Estate.
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