Koontz Corporation Sells Encino Trace Luxury Apartment Homes in College Station, TX

Encino Trace Luxury Apartment Homes,
 College Station, TX

 

 SAN ANTONIO, TX — Koontz Corporation (Koontz) today announced it has sold Encino Trace Luxury Apartment Homes, a 302,292-plus square foot, 340-unit class A multi-family community located in College Station, Texas to California-based SB Pacific Group LLC.    

 

Financial details of the deal were not disclosed.

Jennifer Campbell 

Will Balthrope, Drew Garza and Jennifer Campbell of Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale on behalf of the seller.  

 

“We have enjoyed incredible results and success with our multi-family project in College Station,” said Koontz President and CEO Bart Koontz.

 Bart C. Koontz

“Encino Trace Luxury Apartment Homes is a prime example of our experience in developing luxury apartment homes in our region. We are pleased that SB Pacific Group LLC recognized the value that we have created.”  

 

Developed and constructed by Koontz, Encino Trace was completed in January 2022 and is situated on a pristine 17.2-acre tract located at 2338 Harvey Mitchell Parkway South in College Station.

Will Balthrope

The 14-building suburban development was designed with stone and stucco exteriors and one- and two-bedroom garden apartment homes.

 

All apartments feature island kitchens with stainless steel appliances and high-quality finishes including quartz countertops, custom cabinetry, and brushed nickel hardware.

 

Drew Garza 

Additional feature include nine-foot ceilings, simulated wood and ceramic tile flooring, garden-style bathtubs, full-size washers and dryers, oversized walk-in closets, ample storage space, private patios and balconies and private detached garages.

 

The community’s amenities include a resort-style pool with tanning ledge and outdoor kitchen, poolside lounge and fire pit, as well as a two-acre dog park, fitness center and a resident clubhouse.  

  

Contact:

 Jill Byrd,

jill@creativenoggin.com 

Creative Noggin  |  Senior PR Account Supervisor

15618 Gray Oak   |   Helotes, TX 78023

Office: 210.320.0230 ext. 111  |  Mobile: 210.501.4288

 

JLL’s Valuation Advisory group expands multi-housing practice with addition of Nik Bex

Nik Bex

  

CHICAGO, IL– JLL’s Valuation Advisory group has hired Nik Bex, MAI, as Executive Vice President in its Chicago office.

 

 Bex will focus on driving growth and building the multi-housing platform in Chicago and the greater Midwest region.

 

Tony Lenamon

Bex has more than 10 years of real estate valuation experience with a focus on multi-housing and mixed-use assignments for a variety of conventional, GSE, bridge and institutional lenders.

 

Bex previously worked at JLL as a senior analyst at the onset of his career.

Aimee Morgan

“Multi-housing has been a favored asset class over the last few years, resulting in record demand from our clients in the space,” said Tony Lenamon, Americas Head of Valuation Advisory.

 

 “Nik will fill a much-needed role in the Chicagoland and Midwest region and we’re excited to welcome him to the team to provide support to our clients in the area.”

Kai Pan

Bex will report directly to Managing Director Aimee Morgan, who co leads JLL Valuation Advisory’s multi-housing practice alongside Managing Director Kai Pan.

 

JLL’s national multi-housing valuation practice has experienced skyrocketing demand and has grown 85% year-over-year.

 

CONTACT:

    

Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 

jll.com

Guthrie Development continues strategic growth by appointing industry veteran Daniel 'Dane' Rowland as Commercial Property & Business Association Manager

  

Daniel 'Dane' Rowland

 IRVINE, CA – Guthrie Development Company, a full-service commercial real estateinvestment and management company based in Irvine, California, has announced the appointment of

Daniel “Dane” Rowland to Commercial Property and Business Association Manager as part of the firm’s commitment to ongoing strategic growth.  

A seasoned Senior Property Manager with more than 15 years of experience and a comprehensive background in Class A real estate, Dane will be responsible for overseeing all aspects of daily operations for properties owned by both Guthrie Development and the business associations that Guthrie Asset Management manages, according to Rob Guthrie, President at Guthrie Development.  

Rob Guthrie

“Dane’s extensive commercial real estate expertise has been honed by his long tenure with Irvine Company, enabling him to bring a wealth of knowledge to the table for our firm and our clients,” says Guthrie.

Prior to joining Guthrie Development, Rowland held multiple roles and responsibilities at the Irvine Company.

One of his accomplishments there was the development, implementation, and management of centralized renewal processes for a residential portfolio consisting of over 50,000 units in more than 150 apartment communities.

These processes allowed the company to maximize revenue growth and resident retention throughout its portfolio.  

Rowland graduated with his M.B.A from Brandman University

 

CONTACTS:

         

BrookeBelt / Katie Haga 

TheSmart Agency, Inc. 

(949) 438-6262 

bbelt@thesmartagency.com