American Opportunity for Housing, a non-profit based in San Antonio, has sold the 232-unit Avistar at Chase Hill community in San Antonio, TX to MBP Capital out of Denver in an off-market transaction.
The garden-style apartment community was constructed in 1978 directly across from the University of Texas at San Antonio campus and minutes from the Shops at La Cantera at 15800 Chase Hill Blvd.
Currently 83% leased, the complex consists of one- and two-bedroom units in 33 buildings, with on-site amenities that include a fitness center, business center, pool, tennis court and laundry facility.
Will Caruth, Mike Miller, Chris Ross and Cody Courtney of Berkadia Real Estate Advisors arranged the transaction on behalf of American Opportunity of Housing. The new owner has rebranded the community as SkyVue.
Please see CoStar COMP #4074468 for more information on this transaction.