CBRE Sells Legacy Heights Apartments to Cottonwood Residential

The multifamily team of CBRE Capital Markets announced another sale on behalf of an anonymous seller. The property in question is San Antonio’s Legacy Heights; the new owner is Cottonwood Residential of Salt Lake City, Utah. The price of the transaction was not disclosed.

By Anca Gagiuc, Associate Editor

The multifamily team of CBRE Capital Markets has sold Legacy Heights, a 258,206-square-foot multifamily property at 1320 Austin Highway. The new owner is Cottonwood Residential of Salt Lake City.

Legacy Heights is a Class A community built in 2009 by Embrey Partners. It sits on 22.47 acres and offers 306 one-, two- and three-bedroom units in a combination of nine contemporary floor plans. Ryan Epstein, executive vice president with CBRE, sees opportunities for interior upgrades to make it more competitive with new developments along the highway.

Community amenities include barbecues, controlled-access gates, a clubhouse with a game room, a fitness center, a playground, a resort-style swimming pool, a dog park and professionally landscaped parking. Apartment amenities feature nine-foot’ ceilings with crown molding, designer lighting fixtures and carpeting, garden tubs, kitchen pantries, private patios or balconies, walk-in showers and spacious closets.

Charles Cirar, Ryan Epstein and Michael Wardlaw of CBRE represented the seller.

Photos courtesy of CBRE and Legacy Heights