Brennen Degner Of Platte Canyon Capital Acquires Northwood Apartments In New Braunfels For Undisclosed Amount

The property involved in the transaction is the Northwood Apartments, a multifamily asset consisting of 252 units located at 1951 Old Fm 306, New Braunfels, TX. The property was 70% leased at the time of closing. It was acquired by Platte Canyon Capital as part of a value-add strategy targeting multifamily opportunities in the San Antonio-Austin corridor.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 1951 Old Fm 306
• Market: New Braunfels, TX
• Buyer: Brennen Degner - Platte Canyon Capital

Brennen Degner represented Platte Canyon Capital in the acquisition of the property from its original developer. The plans include unit renovations, amenity upgrades, and operational improvements aimed at taking advantage of the slowing new supply and continued population growth in the area.