Monday, November 30, 2015

HFF closes sale of 411-unit apartment community in San Antonio, TX

Matt Pohl
AUSTIN, TX – Nov. 30, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of The Place at Overlook, a 411-unit apartment community in San Antonio, Texas.

HFF marketed the asset exclusively on behalf of MC Companies.  My Residential, a private company located in Denver, Colorado, purchased the property for an undisclosed amount on a loan assumption basis.

The Place at Overlook is situated on 16.04 acres at 4934 Woodstone Drive near the intersection of Interstate 10 and Huebner Road in northwest San Antonio. 

In addition, the asset is proximate to Loops 410 and 1604 and major employers, including USAA and the South Texas Medical Center.

The 31-building property has 294,000 rentable square feet and offers a mix of one- and two-bedroom units.  Community amenities include a swimming pool, full-size sport court, sand volleyball court, fitness center and clubhouse.

The HFF investment sales team representing the seller was led by director Matt Pohl and senior managing director Sean Sorrell.

“The Place at Overlook is a well-located property in northwest San Antonio that presented the marketplace with an interesting value-add opportunity,” says Pohl.  “We were pleased to find a qualified buyer that was capable of navigating the loan assumption process and to assist My Residential with their first acquisition in the San Antonio market.”

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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