CREE Capital Acquires Regatta Apartment Homes From Bluebonnet Asset Management

The Regatta Apartment Homes is a 200-unit multifamily community located at 12635 Scarsdale Street in San Antonio, Texas. The property was recently sold in a transaction where CREE Capital acquired it from Bluebonnet Asset Management. The sale was facilitated by NorthMarq's San Antonio Multifamily Investment Sales team, with brokers including Rudy Dodier, Brian Booth, Bryan VanCura, Kevin Garza, Moses Siller, Phillip Grafe, and Zar Haro representing the parties involved. Cheryl Higley of NorthMarq provided loan assumption advisory services to CREE Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Market: San Antonio
• Buyer: CREE Capital
• Seller: Bluebonnet Asset Management
• Brokers: Rudy Dodier, Brian Booth, Bryan VanCura, Kevin Garza, Moses Siller, Phillip Grafe, Zar Haro - NorthMarq
• Mortgage Brokers: Cheryl Higley - NorthMarq

The individuals and companies involved in the deal included Cheryl Higley from NorthMarq, who provided essential support by representing CREE Capital in the loan assumption advisory services. The NorthMarq team, led by Zar Haro and others, played a crucial role in ensuring the success of this transaction, showcasing innovative financing solutions that enhanced the property's appeal in a challenging market environment.