JLL announced today that it has closed the sale of Castle Hills Townhomes, a 149-home, Class A, core-plus townhome community in San Antonio’s Castle Hills neighborhood.
JLL marketed the property exclusively on behalf of the seller, Hayden Properties, LLC, and procured the buyer, a private multihousing operator based in Austin.
Castle Hills Townhomes is located at 1947 Larkspur Drive, which is approximately 12 miles north of downtown and less than five miles northwest of the San Antonio International Airport. The 22-building property offers residents a single-family lifestyle with the convenience of two-story townhome apartments with a variety of one-, two- and three-bedroom floor plans averaging 1,000 square feet. Homes feature stainless steel appliances, stone fireplaces, plank flooring, large closets and garages within a well-maintained gated community with a community swimming pool and outdoor kitchen/lounge area. The property was 97 percent occupied at closing.
The JLL Capital Markets team representing the buyer was led by Managing Director Scott LaMontagne and Executive Vice Presidents Moses Siller and Zar Haro.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
About Hayden Properties
For more than 17 years, Hayden Properties has focused on providing high-quality apartment home living for its residents. Hayden Properties owns and manages luxury apartment communities in Dallas, San Antonio, Tyler and Houston, Texas.
JLL is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.