The property asset involved in the transaction is the Encino Trace Apartments, located at 2338 Harvey Mitchell Pkwy S, College Station, Texas. This community consists of 340 units and offers one- and two-bedroom floor plans. The apartments feature stainless steel appliances, quartz countertops, brushed nickel hardware, simulated wood and ceramic tile flooring, full-size washers and dryers, walk-in closets, private patios, and balconies. Communal amenities include a pool with a tanning ledge and outdoor kitchen, poolside lounge and fire pit, a dog park, fitness center, and a clubhouse.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Not specified
• Address: 2338 Harvey Mitchell Pkwy S, College Station, Texas
• Market: Sweetwater
• Seller's Representatives: Drew Garza - Institutional Property Advisors, Jennifer Campbell - Cushman & Wakefield
• Buyer: SB Pacific Group LLC
• Units: 340
• Completion Date: January 2022

Will Balthrope, Drew Garza, and Jennifer Campbell of Institutional Property Advisors, a division of Marcus & Millichap, brokered the deal on behalf of the seller, Koontz Corp. The buyer, SB Pacific Group LLC, is based in California. This transaction involved a specialized team to facilitate the sale of the Encino Trace Apartments.