Developer to Build Single-Family, Rental Community
April 18, 2023
SAN ANTONIO – Transwestern Real Estate Services (TRS) announces the sale of a 27.46-acre property at 1670 Hwy 46 in Boerne, Texas. Embrey purchased the site for an undisclosed price from JCH 1607 River Rd. Investment, LCC, which was represented by Transwestern Executive Managing Director Russell T. Noll.
"Negotiating this transaction included the full spectrum of annexation, neighborhood focus groups, planning and zoning, securing utilities and city council approval,” said Noll. “I am confident this property will serve as a long-term investment opportunity to the buyer.”
Embrey plans to add to their unique build-to-rent residential portfolio with the development of Our Collection at Boerne, a multifamily community. The development will offer amenities, including a 5,000-square-foot clubhouse, a fitness center, a resort-style pool with grilling stations and activity lawn, gigabit wi-fi connectivity, private yards, dog parks, and numerous outdoor sitting areas and walking trails.
“We are grateful for the trust the City of Boerne placed in Embrey and are excited to become a part of the community, said Jeremy Williams," Senior Vice President and Development Partner at Embrey. “We look forward to delivering residents a best-in-class rental experience with upscale amenities that aren’t available anywhere else in the city.”
Located in the rapidly growing city of Boerne, this is a prime site for residential development. The property is situated directly off Hwy 46 and is approximately 2.5 miles from I-10, offering direct access to the community, which boasts best-in-Texas schools and is only 31 miles from San Antonio.
San Antonio-based Embrey is a diversified real estate investment company that owns, develops, builds, acquires, and manages multifamily and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed more than 44,000 apartments and over 6 million square feet of commercial property. Embrey is a leading developer in the multifamily sector, with more than 6,000 units under construction or in development.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners, and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.