{"id":1004082656,"date":"2013-08-25T21:08:23","date_gmt":"2013-08-26T05:08:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=168659"},"modified":"2022-12-08T15:13:06","modified_gmt":"2022-12-08T23:13:06","slug":"san-antonios-waters-at-northern-hills-for-sale-for-13-1m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\/","title":{"rendered":"San Antonio\u2019s Waters at Northern Hills for Sale for $13.1M"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Marcus &amp; Millichap has arranged the sale of the 304-unit apartment complex located at 4031 Thousand Oaks Drive. The seller, a 501c-3 nonprofit company, is represented by Will Balthrope, senior vice president of investments in Dallas, and Scott Lamontagne, vice president of investments in Austin, both with Institutional Property Advisors, a division of the real estate investment firm, and Zar Haro and Michael Moffitt, senior associates in Marcus &amp; Millichap\u2019s San Antonio and Austin offices, respectively.\u00a0<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/08\/Waters-at-Northern-Hills-San-Antonio.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-168660\" title=\"Waters at Northern Hills San Antonio\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/08\/Waters-at-Northern-Hills-San-Antonio.jpg\" alt=\"\" width=\"300\" height=\"197\" \/><\/a><\/p>\n<p style=\"text-align: justify\">\u201cProspective buyers were attracted to this stable property just a few blocks from a neighborhood shopping center, along with the prospective upside potential found in one of San Antonio\u2019s premier central locations,\u201d said Balthrope. \u201cThere were many complexities with this transaction, given the Bexar County Housing Bond financing that was not due to mature for some time. The bonds required a percentage of the property be set aside as affordable housing,\u201d added Lamontagne. Haro confirmed that the asset will be administered as a market-rate deal.<\/p>\n<p style=\"text-align: justify\">Waters at Northern Hills was built in 1982 and is currently at 96 percent occupancy. The apartment complex encompasses 124 one-bedroom\/one-bath units, 24 one-bedroom\/one-and-a half-bath units, 64 two-bedroom\/two-bath and eight two-bedroom\/two-and-a-half-bath units, beautifully set on a private lake. The amenity package includes a fitness center, wooded picnic areas and swimming pools.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The arranged sale of the 304-unit apartment complex located at 4031 Thousand Oaks Drive attracted the investment community of the area. Marcus and Millichap represented the seller, a 501c-3 nonprofit company, through Will Balthrope, senior vice president investments in Dallas, and Scott Lamontagne, vice president investments in Austin, both with Institutional Property Advisors, a division of the investment firm, and Zar Haro and Michael Moffitt, senior associates in Marcus &amp; Millichap&rsquo;s San Antonio and Austin offices, respectively.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1607],"tags":[1815,39471],"class_list":["post-1004082656","post","type-post","status-publish","format-standard","hentry","category-san-antonio","tag-national","tag-san-antonio"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>San Antonio\u2019s Waters at Northern Hills for Sale for $13.1M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Antonio\u2019s Waters at Northern Hills for Sale for $13.1M\" \/>\n<meta property=\"og:description\" content=\"The arranged sale of the 304-unit apartment complex located at 4031 Thousand Oaks Drive attracted the investment community of the area. Marcus and Millichap represented the seller, a 501c-3 nonprofit company, through Will Balthrope, senior vice president investments in Dallas, and Scott Lamontagne, vice president investments in Austin, both with Institutional Property Advisors, a division of the investment firm, and Zar Haro and Michael Moffitt, senior associates in Marcus &amp; Millichap&rsquo;s San Antonio and Austin offices, respectively.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-08-26T05:08:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:13:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/08\/Waters-at-Northern-Hills-San-Antonio.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"San Antonio\u2019s Waters at Northern Hills for Sale for $13.1M\",\"datePublished\":\"2013-08-26T05:08:23+00:00\",\"dateModified\":\"2022-12-08T23:13:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\\\/\"},\"wordCount\":228,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/08\\\/Waters-at-Northern-Hills-San-Antonio.jpg\",\"keywords\":[\"National\",\"San Antonio\"],\"articleSection\":[\"San Antonio\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-antonios-waters-at-northern-hills-for-sale-for-13-1m\\\/\",\"name\":\"San Antonio\u2019s Waters at Northern Hills for Sale for $13.1M - 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