The property involved in this transaction is a multifamily asset known as Retreat at Chelsea Park, located at 16303 Chelsea Pl, Schertz, TX, 78154, within the Selma market. This 280-unit property was built in 2006 and features one-, two-, and three-bedroom units. The property has been experiencing high rental demand, particularly due to its prime location along the I-35 corridor, which offers easy access to neighboring cities such as San Antonio, New Braunfels, and Austin.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Address: 16303 Chelsea Pl, Schertz, TX, 78154
• Market: Selma
• Seller's Representative: Patton Jones-Newmark
• Buyer: Embrey Partners Ltd
• Units: 280
• Year Built: 2006

This transaction marks a strategic expansion for Embrey Partners Ltd, which aims to enhance its multifamily portfolio in Central Texas. The acquisition is led by Alex Sampson, the vice president of acquisitions at Embrey, who is overseeing the newly formed acquisition group seeking investment opportunities in high-growth Texas and Sunbelt markets. Embrey Management Services will manage the community following this acquisition, focusing on upgrading unit interiors while maintaining affordability in a rapidly developing area.