Broadstone Ranch Apartments in San Antonio, TX Trades Hands

SAN ANTONIO, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Broadstone Ranch, (top left photo) a 252-unit, 212,472-square foot apartment property in San Antonio. The sales price was not disclosed.

Will Balthrope, a vice president investments and a senior director of the firm’s National Multi Housing Group in Dallas, and Ryan Epstein, a multifamily investment specialist in Marcus & Millichap’s San Antonio office, represented the seller, McMorgan & Co. of San Francisco. The buyer was Brass Real Estate Funds.

“Broadstone Ranch is a luxury Class A asset located next to one of the fastest-growing universities in Texas,” says Balthrope. “The property will provide upscale student living for this captured tenant base.”

“The property is centrally located between Interstate 10 and the University of Texas at San Antonio at 5803 UTSA Blvd. and is within minutes of several of San Antonio’s largest employers, including USAA, Valero and the South Texas Medical Center,” adds Epstein.

Broadstone Ranch was built in 2005 on 13.63 acres and features 132 one-bedroom/one-bath units, 84 two-bedroom/two-bath apartments and 36 three-bedroom/three-bath units. Amenities include modern gourmet kitchens, resort-style swimming pool, detached garage and covered parking.

San Antonio is the second-largest city in Texas and the seventh-largest city in the United States.

Contact:  Stacey Corso, Communications Department, (925) 953-1716, stacey.corso@marcusmillichap.com