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825 Johns Road

Rodney Emery Of Steadfast Companies Acquires 172-Unit Multifamily Asset From Marc Brutten
SOLDMultiFamily

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:

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

Ryan McBride

JLL

Broker

10 deals

Broker
Rodney Emery

Rodney Emery

Steadfast Companies

Buyer

1 deal

Buyer
Marc Brutten

Marc Brutten

Brixton Capital

Seller

$857.2M

vol

15 deals

Seller

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