Rodney Emery Of Steadfast Companies Acquires 172-Unit Multifamily Asset From Marc Brutten
825 Johns Road
Building Size
—
Asset Type
MultiFamily
Closing
Feb 16, 2026
AI
The property asset involved in the transaction is a multifamily apartment community located at 825 Johns Road in Boerne. This asset features 172 units with a total size of 132,736 square feet positioned on 6.8 acres of land. The community was built in 2003 and is situated along Interstate 10, providing value-add potential as over 80% of the units are in original condition.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 172
- Acres: 6.8
- Buyer: Rodney Emery - Steadfast Companies
- Seller: Marc Brutten - Brixton Capital
- Brokers: Robert Wooten, Robert Arzola & Ryan McBride - JLL
- Date: 02/16/2026
JLL Capital Markets arranged the sale of this multifamily asset, representing seller Brixton Capital in the disposition to buyer Steadfast Companies. The team from JLL, comprised of Robert Wooten, Robert Arzola, and Ryan McBride, led the assignment for this transaction.
Players
Boerne 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