|
|
12/06/24
|
AHV Communities, a San Antonio-based developer and operator of luxury single-family rental communities, acquired The Sterling at Oak Hills, a 330-unit luxury multifamily asset in the South Texas Medical Center (STMC) area of San Antonio. The price was not disclosed.
The Sterling at Oak Hills is located within a thriving medical hub, with 12 major hospitals, more than 45 clinics, 75 healthcare institutions and numerous small practices and offices within just three miles. The community is also close to major employers including USAA, Hulu, Amazon and Valero Energy, as well as a wealth of mixed-use, retail and entertainment destinations.
Built in 2019, the property offers resort-style amenities including a swimming pool, outdoor kitchen, fitness center and a clubhouse with a gourmet kitchen. The community offers spacious studio, one- and two-bedroom apartments with high-end finishes such as stainless steel appliances, granite or quartz countertops and large walk-in closets. With an occupancy rate of 95%, the asset underscores continued demand in the rapidly growing STMC area.
Patton Jones, Matt Michelson and Andrew Dickson with Newmark represented the unnamed seller in the deal. The transaction is AHV communities’ first multifamily acquisition in San Antonio.
“The property provided investors the opportunity to acquire a core asset, surrounded by the South Texas Medical Center and situated on the Oak Hills Country Club golf course,” said Jones. “With the immense projected growth of the healthcare industry, multifamily assets near medical hubs will benefit from a steady stream of renters for years to come.”
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
