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Univest Takes On San Antonio Class-A Rental Community
Univest bought Park at Rialto, a 274-unit apartment community 20 miles northwest of downtown San Antonio. Covenant Capital Group was the seller. A Greysteel team of J.R. Ellis and Matthew Romanchuk represented both parties in the deal.
Commercialsearch.com reports the buyer assumed the outstanding balance of a $28.1 million CMBS loan originated by JLL.
GenCap Partners completed the Class A community in 2017. The upscale property encompasses seven buildings spread across 9.3 acres. Units are divided into one-, two- and three-bedroom floorplans, ranging between 557 and 1,331 square feet. Common-area amenities include a fitness center, clubhouse, swimming pool, business center, along with more than 500 parking spaces.
Located at 25051 Interstate 10 W., Park at Rialto is close to several dining options and a Walmart Supercenter. La Cantera Town Center and The Rim are within a 7-mile radius.
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