Leading multifamily developer begins
construction on its 12th development in the region
SAN
ANTONIO, July 17, 2024 /PRNewswire/ -- Wood
Partners, a renowned national leader in multifamily real estate
development, along with Germany
based capital partner EIG EuroInvestor, is proud to announce the
official groundbreaking of its latest community, Alta Westover
Hills. Wood Partners is set to deliver the luxury community in
June 2025.
Located on the west side of San
Antonio at 10718 State Highway 151, Alta Westover Hills
provides strong regional accessibility with immediate access to SH
151 and Loop 1604. The apartment community is situated within the
master-planned 1,300-acre development, Westover Hills, home to more
than 30,000 employees and located near numerous retail and
entertainment centers, such as Alamo Ranch, Culebra Commons,
Santikos Entertainment Casablanca, Sea World and more.
Additionally, the Alta Westover Hills community is near multiple
large employers, including Microsoft Data Center, Frost Bank, and
CHRISTUS Santa Rosa Hospital.
"We were drawn to the Texas Hill Country's rich history, which
will be celebrated throughout the community with design elements
such as shiplap, board-and-batten siding and natural earth tone
colors," said Bart Barrett, Managing
Director at Wood Partners. "With its prime location, unique
features and amenities, Alta Westover Hills is an excellent
addition to our San Antonio
portfolio."
Kilian Kagel of EIG added: "We
are very happy to have joined Wood Partners in this great
opportunity. It'll be a perfect addition to this San Antonio submarket and we can't wait to see
it come to life."
The property features 312 apartments, including one-, two- and
three-bedroom units. Residences will have stainless steel
appliances, granite countertops, tile backsplashes, custom
cabinets, and full-sized washers and dryers in all units. Each unit
will feature wood-style flooring in the kitchens, living rooms and
bathrooms and upscale carpet in the bedrooms. Additionally, select
units will have a private yard.
Alta Westover Hills will offer superior amenities. Residents can
enjoy a resort-style pool, clubroom, fitness center, business
center, conference and entertainment spaces, outdoor kitchen and
dining areas, and a dog park. All common areas have wireless
connectivity and feature the latest audio/visual technology and
urban living design.
Since 2017, Wood Partners has completed or is in the process of
completing, 12 communities throughout South/Central Texas, totaling 3,460 units. In
February, Wood Partners began leasing at Alta Rolling Oaks, another
project in San Antonio set to be
completed in September 2024. For more
information on Wood Partners and its communities, visit
woodpartners.com.
About Wood Partners
Wood Partners is a national leader in the development and
construction of multifamily communities across the United States. The company has been
involved in the acquisition and development of more than 100,000
multifamily homes with a combined capitalization of $21 billion. The company currently owns 80+
properties across the United
States representing more than 25,000 units. Headquartered in
Atlanta, Wood Partners has offices
in 19 major markets covering development across 18 states
nationwide. Wood Partners is consistently ranked as one of the five
largest multifamily developers in the
United States. For more information,
visit woodpartners.com.
About EuroInvestor
EuroInvestor (EIG) is a Hamburg,
Germany based Real Estate Investment Management Firm that
identifies and manages US Investment Opportunities for European
Investors. Over the past 25 years, EIG has invested $1.7 billion in real estate. Since 2014, EIG has
started 19 projects with Wood Partners, establishing a track record
of excellent returns with 11 highly successful projects sold and
the balance in process and seasoning.
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SOURCE Wood Partners