324-Unit Luxury Multifamily Complex Trades Hands in Northern San Antonio, TX

The View at Encino Commons, San Antonio, TX

SAN ANTONIO, April 18, 2013 – Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of The View at Encino Commons, a 324-unit luxury multifamily community in northern San Antonio.

Will Balthrope

            Will Balthrope, an IPA executive director, and Scott Lamontagne, an IPA associate director, advised the seller. The buyer is McCann Realty Partners.

            “The View at Encino Commons has many unique features that distinguish it from the nearby rental competition,” says Balthrope, “including its trademarked ‘big house’ design with large units; private, ground-level entries; no breezeways or exterior stairways, and 50 percent attached direct-access garages.” 

Scott
 Lamontagne

“This distinctive property is in an irreplaceable, highly visible location in one of the most prolific growth corridors in the city,” adds Lamontagne. 

Built in 2001 on 21 acres, the property is located just northeast of the U.S. Highway 281 and Evans Road interchange at 21303 Encino Commons in San Antonio.

The View at Encino Commons’ apartment units feature fully equipped kitchens with microwave ovens, ceramic tile entries, private patios or  balconies with French doors, bay windows and fireplaces with stone mantles, nine-foot ceilings with designer crown molding, computer niche, ceiling fans in all bedrooms, private first-level entries, and outside storage units.

For a complete copy of the company’s news release, please contact:

.Ben Johnson

 Marketing Director

(925) 953-1736