SWBC Real Estate Purchases Land in San Antonio for Multi-Family Development - SWBC

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SWBC Real Estate Purchases Land in San Antonio for Multi-Family Development

Press Releases April 5, 2022
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SWBC Real Estate Purchases Land in San Antonio for Multi-Family Development

SAN ANTONIO/DALLAS (April 5, 2022) – SWBC Real Estate, LLC, announced that it recently purchased 14.4 acres of land located in San Antonio for the development of The Royalton at Westover Hills™ — a new 365-unit Class A multi-family property. The Royalton at Westover Hills will be situated on the northeast quadrant of Highway 151 and Loop 1604, adjacent to Methodist Healthcare’s new development, which will include a hospital and multi-building campus. This project will be the first in a portfolio of newly developed, multi-family assets for investors who participated in the SWBC RE FUND I.

The Royalton at Westover Hills will be comprised of three-story apartment buildings, constructed of stucco and brick veneer exteriors. The average size unit will be around 875 square feet with one-bedroom, two-bedroom, and three-bedroom units. Stylish interior features include hardwood-style floor and granite countertops in kitchens and bathrooms, a stainless steel designer appliance package, built-in wine racks, generous walk-in closets and storage, and washer/dryer hook-ups. A portion of first-floor units will also have private yards and direct access garages. Tenants will also enjoy a first-class clubhouse with a resort-style pool, sunning decks, and Wi-Fi capability; outdoor gathering areas and grills; a state-of-the-art fitness center; and a dog park.

“As the Westover Hills area of San Antonio continues to grow, there is definitely a need for more affordable housing,” said Stuart Smith, Chief Operating Officer of SWBC Real Estate. “Plus, with the 280 new jobs that Methodist Healthcare is creating with its multi-building campus, our development will offer another option to those looking for a place to call home.” 

SWBC Real Estate plans to begin construction in the first quarter of 2023. The proposed total construction time from start to finish is 26 months. The architect for the project is Cross Architects. 

About SWBC Real Estate
SWBC Real Estate, LLC (www.swbcrealestate.com) is owned by SWBC Enterprises, Ltd. SWBC Real Estate is managed by an experienced team of real estate professionals located in Dallas, Texas, with a primary focus in multi-family development. SWBC Enterprises, Ltd. is owned by Charlie Amato and Gary Dudley, co-founders of SWBC. SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. For more information, visit www.swbc.com.

Contacts:

Lisa Pinto

SWBC

lpinto@swbc.com

210.382.1520

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