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Univest Acquires 274-Unit Luxury Community In San Antonio From Covenant Capital Group

Property Image
SOLD
J.R. Ellis
Matthew Romanchuk
SK

Texas

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MultiFamily
Sold 10/25/2023
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Property Image
SOLD

Univest Acquires 274-Unit Luxury Community In San Antonio From Covenant Capital Group

25051 Interstate 10 West

See Similar Deals
MultiFamily
Sold 10/25/2023
J.R. Ellis
Matthew Romanchuk
SK
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The Park at Rialto, a 274-unit luxury community located at 25051 Interstate 10 West in suburban San Antonio, has been sold by Covenant Capital Group to Univest. The property spans over 9.3 acres and was completed by GenCap Partners in 2017. As part of the transaction, Univest took over a $28.1 million CMBS loan.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Units: 274
  • Acres: 9.3
  • Buyer: Univest - Sharo Khastoo
  • Seller: Covenant Capital Group
  • Brokers: J.R. Ellis & Matthew Romanchuk - Greysteel

The deal involved the participation of brokers J.R. Ellis and Matthew Romanchuk from Greysteel, who represented the respective parties. The sale of The Park at Rialto marks another successful transaction in the San Antonio market.

Players

J.R. Ellis
Greysteel
J.R. Ellis
6 deals
BROKER
Matthew Romanchuk
Greysteel
Matthew Romanchuk
1 deal(512) 772-2734
BROKER
SK
Sharo Khastoo
3 deals$19.4M volume
BUYER
CG
Covenant Capital Group
SELLER

Details

SOLD
IMAGE: Sharo Khastoo, J.R. Ellis & Matthew Romanchuk DATE: 10/25/2023 ADDRESS: 25051 Interstate 10 West MARKET: San Antonio ASSET TYPE: Multifamily ~ UNITS: 274 ~ ACRES: 9.3 BUYER: Univest - Sharo Khastoo (@SharoKhastoo) SELLER: Covenant Capital Group BROKERS: J.R. Ellis (@J.R._Ellis) & Matthew Romanchuk (@MattRomo16)- Greysteel (@TheGreysteelCompany) NOTE: Univest has bought the Park at Rialto, a 274-unit luxury community in suburban San Antonio, from Covenant Capital Group. The acquisition involved taking over a $28.1 million CMBS loan, with GenCap Partners having completed the upscale property in 2017.

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