Terrain Capital Partners has purchased Haven at Westover Hills, a 326-unit apartment property located in the Westover Hills master-planned development in San Antonio. The financial terms were not disclosed; however, Flournoy Development Co. was the seller.
“The Westover Hills submarket is the fastest-growing submarket in San Antonio,” said Will Balthrope, executive managing director at Institutional Property Advisors (IPA), a division of Marcus & Millichap, which represented the seller and procured the buyer. “The population within a two-mile radius of the property has grown 116 percent since 2000.”
The property’s location near the Loop 1604 and State Highway 151 interchange provides residents with a quick commute to major nearby employers such as the National Security Agency, JP Morgan Chase, Citibank, Sea World, Microsoft Data Center and Lackland Air Force Base. Alamo Ranch, San Antonio’s largest master-planned community is nearby; the biggest Sea Wor
