Scottsdale, AZ – Scottsdale, Arizona based real estate investment company has recently acquired Silver Creek Apartments in an off-market transaction in San Antonio, Texas.
The property is located at 4822 Gus Eckert Rd. near the main entrance to USAA’s headquarters, just west of Fredericksburg Rd., off the I-10 freeway. The 160-unit property presented an opportunity to acquire the value-add multifamily asset in a submarket that is expected to see stable rent growth over the next five years. “This is our 9th transaction in Texas and we are excited to continue to grow our portfolio in San Antonio,” said President, David Zeff. “Silver Creek is in a great location and fits our value-add strategy to maximize value through management and property improvements.”
Sterling Real Estate Partners is a real estate company that is focused on value-add multifamily investments currently in Arizona and Texas. Sterling also owns The Life at Castle Hills in San Antonio and Muir Lake in Cedar Park, adding to their Texas portfolio.
The investment company is always actively pursuing additional value-add investment opportunities in both states. For more information, you can also visit the website at www.sterling-partners.com to contact President, David Zeff or Chris Bade, the Acquisitions & Project Manager.