IPA Arranges Sale of Tacara at Westover Hills in San Antonio, TX

Tacara at Westover Hills apartments, San Antonio, TX

Will Balthrope

SAN ANTONIO, TX, June 11, 2015 – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Tacara at Westover Hills, a 312-unit apartment community in San Antonio. The terms of the sale were not released.

            IPA executive director Will Balthrope, IPA director Drew Kile and Marcus & Millichap associate Rowan Burch advised the seller, and procured the buyer, Fort Worth-based Olympus Property.

            “The property is a recently constructed, top-of-the-market multifamily asset located in Westover Hills, which is one of the nation’s premier master-planned developments and one of the fastest-growing submarkets in San Antonio,” says Balthrope.

            Constructed in 2014 on 13.4 acres, the community is located at 8543 State Highway 151 in San Antonio, less than one-half mile from the intersection of State Highway 151 and Loop 410. Westover Marketplace, a 600,000-square-foot shopping center, is within walking distance.

Nearby employment centers include the JPMorgan Chase operations center, the Microsoft San Antonio data center, QVC, Maxim Integrated, Northwest Vista College, SeaWorld, Petco, and the Texas Cryptology Center. The area is also home to the newly opened, 150-bed Christus Santa Rosa Hospital.

Drew Kile

            Tacara at Westover Hills’s apartment homes feature keyless home entry, stainless steel-finished GE appliances, granite countertops and under-mounted sinks in the kitchens and bathrooms, garden-style tubs and oversized patios and balconies.

Community amenities include limited-access entry gates, a 24-hour-access fitness center, a resort-style pool with sundeck, a gourmet-style “iron chef” presentation kitchen, outdoor lounge areas with fire pits and fireplaces, spa-style tanning booths, a dog park and an electric car charging station.

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

Gina Relva

 Public Relations Manager

(925) 953-1716