To San Antonio Through New Braunfels
- Aug 26, 2015
By Anca Gagiuc, Associate Editor
Atlanta-based property investment firm Preferred Apartment Communities made its debut in the San Antonio multifamily market. The firm acquired Avenues at Creekside in New Braunfels, Texas from Western Rim Property Services without disclosing the terms of the deal.
Avenues at Creekside is a 395-unit apartment community built in 2013 on 61 acres at 625 Creekside Way in the Outer Comal County submarket. Preferred Apartment Communities assumed a first mortgage loan from Fannie Mae to finance the transaction. Residents can choose from one-, two-, three-, and four-bedroom floor plans ranging in size from 608 square feet to 1,910 square feet.
Community amenities include a resort-style 150-foot swimming pool and tanning deck, outdoor fireplace and grills, central park and splash park, walking and jogging trail, fitness center, clubroom, game room, business center, and concierge services. Apartment amenities feature granite countertops, hardwood style flooring, garden Jacuzzi tubs, walk-in pantries, environmentally friendly programmable thermostats and energy-efficient Celbar® insulation, reflective roof, and double-pane windows.
Image courtesy of Avenues at Creekside.