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

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.