Richmond, VA – November 13th, 2016 − 37th Parallel Properties (“37th Parallel”), a commercial multifamily acquisitions and asset management firm, announced today it has recently closed on Villas of Henderson Pass in San Antonio, TX.
Villas of Henderson Pass is a 228-unit garden-style complex, consisting of 96 one-bedroom apartments and 132 two-bedroom apartments.
“San Antonio is a steadily growing multifamily market. The population is expected to expand nearly 30% over the next 15 years, which is double the national average,” Dan Chamberlain, COO of 37th Parallel commented, “It has a broad range of employers in healthcare and biosciences and was recently recognized by the Brookings Institute as one of the strongest economies in the country.”
“Villas of Henderson Pass is located within minutes of two major traffic arteries in San Antonio. It is also zoned to Blue-ribbon rated elementary and middle schools, which are part of the excellent North East Independent School District. We are already planning on several exterior and interior improvements to take advantage of the desirable market location.”
Property amenities include a 24-hour fitness center, 2 saltwater swimming pools, a sand volleyball court, and a dry sauna.
Look for additional acquisition announcements later this year and beyond as 37th Parallel adds more stable multifamily assets to the portfolio.
37th Parallel Properties provides commercial multifamily investment and asset management services for select private clients across the United States and Internationally. To learn more, visit our website (www.37parallel.com) or call 888.837.3720.