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227 Dwyer Avenue

Jason Berkowitz Of RPM Living Acquires 341-Unit Heritage Plaza In San Antonio From Bob Brown
SOLDMultiFamily

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

Jason Berkowitz

RPM Living Investments

Buyer

$356.5M

vol

5 deals

Buyer
RPM Living Investments
RPM Living InvestmentsBuyer
Cypress Real Estate Advisors
Cypress Real Estate AdvisorsSeller

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