{"id":1004121466,"date":"2015-06-17T18:01:14","date_gmt":"2015-06-18T02:01:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=353086"},"modified":"2020-05-11T02:44:43","modified_gmt":"2020-05-11T10:44:43","slug":"right-financing-seals-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/right-financing-seals-deal\/","title":{"rendered":"Right Financing Seals Deal"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">San Antonio\u2019s apartment market is pretty hot, with sellers pushing new record pricing on quality assets. The latest sale to prove this statistic is Sir Winston Villas Apartments, a boutique multifamily asset located in Northcentral San Antonio. But closing it required the right mix of factors.<\/p>\n<div id=\"attachment_353087\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Sir-Winston-Villas-Apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-353087\" title=\"Sir Winston Villas Apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Sir-Winston-Villas-Apartments.jpg\" alt=\"Sir Winston Villas Apartments\" width=\"300\" height=\"225\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Sir Winston Villas Apartments<\/p>\n<\/div>\n<p style=\"text-align: justify;\">San Antonio Commercial Advisors (SACA), an independently owned and operated member of the Cushman &amp; Wakefield Alliance, represented the seller. The team handling the transaction included associates Brandon Lo Porto and Scott Weems, and managing director Brent Smith. The buyer is a California-based private investor familiar with Texas.<\/p>\n<p style=\"text-align: justify;\">\u201cThe property has a unique business model, with most units leased as corporate suites. We identified the right buyer who could continue to operate the property as corporate suites,\u201d said Weems. \u201cFinding the right source of financing was key to making this transaction work. We set a record sales price for 1980s construction with this sale,\u201d he added. The price was not disclosed, but Bisnow reports that the transaction closed at a sub-5 percent cap rate.<\/p>\n<p style=\"text-align: justify;\">The property is a 32-unit apartment complex located at 11903 Parliament St. near the San Antonio International Airport and Castle Hills. It offers one- and two-bedroom, fully furnished units for as much as $1,900 per month, including utilities.<\/p>\n<p style=\"text-align: justify;\"><em>Photo courtesy of <a href=\"https:\/\/sirwinstonvillas.com\/\" rel=\"nofollow\" >Sir Winston Villas Apartments<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Antonio&rsquo;s apartment market is pretty hot, with sellers pushing new record pricing on quality assets. The latest to confirm the statistics is the sale of Sir Winston Villas Apartments, a boutique multifamily asset located in Northcentral San Antonio.<\/p>\n","protected":false},"author":237,"featured_media":1004505877,"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":[],"class_list":["post-1004121466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-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>Right Financing Seals Deal - 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\/right-financing-seals-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Right Financing Seals Deal\" \/>\n<meta property=\"og:description\" content=\"San Antonio&rsquo;s apartment market is pretty hot, with sellers pushing new record pricing on quality assets. The latest to confirm the statistics is the sale of Sir Winston Villas Apartments, a boutique multifamily asset located in Northcentral San Antonio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/right-financing-seals-deal\/\" \/>\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=\"2015-06-18T02:01:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T10:44:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Sir-Winston-Villas-Apartments.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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\\\/right-financing-seals-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/right-financing-seals-deal\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Right Financing Seals Deal\",\"datePublished\":\"2015-06-18T02:01:14+00:00\",\"dateModified\":\"2020-05-11T10:44:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/right-financing-seals-deal\\\/\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/right-financing-seals-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Sir-Winston-Villas-Apartments.jpg\",\"articleSection\":[\"San Antonio\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/right-financing-seals-deal\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/right-financing-seals-deal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/right-financing-seals-deal\\\/\",\"name\":\"Right Financing Seals Deal - 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