Jason Berkowitz Of RPM Living Acquires 341-Unit Heritage Plaza In San Antonio From Bob Brown
227 Dwyer Avenue
Building Size
—
Asset Type
MultiFamily
Closing
Jul 14, 2025
AI
The property involved in this transaction is a multi-family asset located at 227 Dwyer Avenue in San Antonio. The property consists of 341 units and has an assessed value of $57.5 million. Built five years ago, it offers amenities such as a pool, fitness center, and electric vehicle charging stations. Rents for the units begin at $1,228.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $57.5 million
- Address: 227 Dwyer Avenue
- Market: San Antonio
- Units: 341
- Buyer: Jason Berkowitz - RPM Living
- Seller: Bob Brown - Cypress Real Estate Advisors
Jason Berkowitz represents RPM Living in acquiring the property from Bob Brown, who represents Cypress Real Estate Advisors in this transaction. This acquisition further expands RPM Living's portfolio within the San Antonio market.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93