Univest has acquired Park at Rialto, a luxurious 274-unit apartment complex situated just 20 miles northwest of downtown San Antonio. The seller was Covenant Capital Group and the transaction was facilitated by Greysteel’s J.R. Ellis and Matthew Romanchuk.
According to Commercialsearch.com, the buyer took over an outstanding $28.1 million CMBS loan that had been originated by JLL.
GenCap Partners completed this Class A community in 2017 on a sprawling 9.3-acre site comprising seven buildings. The property offers one-, two- and three-bedroom floorplans ranging from 557 to 1,331 square feet each with upscale features and finishes. Residents can enjoy various amenities including a fitness center, clubhouse, swimming pool, business center as well as ample parking space for over five hundred vehicles.
Conveniently located at25051 Interstate10 W., Park at Rialto is surrounded by numerous dining options and also boasts close proximity to Walmart Supercenter along with La Cantera Town CenterandThe Rim within just seven miles radius.
