San Antonio sale easy as 1, 2 and a 3: Walker Ranch, Hidden Lake, Timberock

​SAN ANTONIO – Dallas-based Milestone Apartments REIT has closed on a 15-property portfolio, which includes the 325-unit Walker Ranch apartment complex at 14500 Blanco Rd. and the 380-unit Hidden Lake at 8910 N Loop 1604 W.

Walker Ranchwas built in 2006 on a 20-acre parcel in North Central San Antonio, and includes 17 buildings that are a mix of two and three stories.

Hidden Lake spans nearly 23 acres in the city’s northwestern submarket, and includes 19 three-story buildings built in 2004.

Milestone acquired the 4,172-unit multifamily portfolio—which includes properties in Georgia, North Carolina, Florida and Texas—for a total of $502 million. Walker Ranch accounted for $44 million, and Hidden Lake accounted for $51 million.

A local investor operating as Wurzbach Advisors LLC has acquired the 216-unit Timberock apartment complex at 7220 Marbach Rd. in West San Antonio.

Timberock, which was built in 1983, is a two-story garden-style complex on a 7.42-acre site.