BHW Capital and Gray Street Partners recently completed the sale of the Park on Wurzbach apartments in San Antonio. Venterra acquired the asset for an undisclosed sum.
The 264-unit, class A multifamily project was developed as a joint venture partnership between BHW and Gray Street in late 2018. The sale was negotiated on behalf of the seller by the BHW team of Martin Bronstein, Ralph Howard and Bryan Tran. Venterra was represented in house by Hugh Brantley and Dror Goldberg.
Acquisition financing was arranged by a collaboration between Matthew Bronstein of NorthMarq’s Houston office and Faron Thompson and Ali Meek of NorthMarq’s Atlanta office. Scott LeMontagne, Moses Siller, and Zar Haro of NorthMarq Multifamily’s Central Texas investment sales team consulted the seller on the sale.
Park on Wurzbach was awarded the 2018 New Construction Garden Apartment of the Year by the San Antonio Apartment Association. The property features a mix of one-, two- and three-bedroom units each finished with stainless steel appliances, granite countertops, built-in desks and in-unit washer and dryers. Community amenities include a resort-style pool, full-circuit fitness center, yoga and spin studios, business center, bark park and clubhouse.