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TRANSWESTERN INVESTMENT GROUP, ALLEN HARRISON SELL 208-UNIT MULTIFAMILY ASSET IN SAN ANTONIO
(OCT. 7, 2021 – SAN ANTONIO, TEXAS) – Transwestern Investment Group (TIG®), along with its partner, Allen Harrison, announce the sale of The Highline, a 208-unit multifamily community at 5655 UTSA Blvd. in San Antonio, Texas. The 10-building property was 98.1% occupied and 100% leased at the time of sale.
“Given the strength of the multifamily sector, TIG and Allen Harrison embarked on a capital improvements plan focused primarily on common areas that supported higher rents and presented the right opportunity to sell the asset,” said Richard Yeh, Managing Director at TIG.
Formerly known as The Parq on the Boulevard, the tenant experience at The Highline has been enhanced through new landscaping as well as a revamped leasing office, clubhouse, pool, outdoor grill area and pet park. Additionally, 35% of the units were renovated prior to the sale to include faux wood flooring, stainless steel front appliances, granite countertops with undermount sinks, updated cabinetry, kitchen backsplash, lighting and fixtures.
Located at the intersection of Interstate 10 and Texas 1604 Loop in the Northwest submarket, The Highline is in proximity to some of the city’s major employers, including the University of Texas at San Antonio, South Texas Medical Center and the corporate headquarters of Security Service Federal Credit Union and Valero. Also nearby is The Shops at La Cantera offering 1.3 million square feet of retail, as well as Six Flags Fiesta Texas, Topgolf and two world-class golf courses, The Palmer Course at La Cantera and the Resort Course.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®) is a real estate investment adviser with $6.3 billion of assets managed since inception. The firm serves a broad range of institutional and high-net-worth clients with its full-service investment management and Transwestern’s integrated operating platform.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
The clients included in this press release were not selected based on performance, but because they are some of the largest well-known clients with similar strategic alliances. It is not known whether these clients approve or disapprove of TIG or the services or products it provides.